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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@joegreatwhitenorth@RocketRed Banks won't buy $HCG. The Canadian banks do have some mortgages that have turned upside down on them because of the economy. But they are not in the business of liar loans. When the quality of the mortgages at $HCG is known, that's when they file bankruptcy. Stock may have a nice bounce for now as those who actually are stupid enough to believe what $HCG is saying about its mortgage quality.
@RocketRedHOOPP Statement on Home Trust Company $HCG
The Healthcare of Ontario Pension Plan (HOOPP) today confirmed that it has agreed along with a syndicate of lenders to provide a secured line of credit in the amount of $2-billion dollars to Home Trust Company. Normally HOOPP’s policy is not to disclose information on our investments, however, given the amount of media speculation, we have decided to disclose this information today. Like any investment, this decision was made in the best interest of our members’ financial needs. We have a long history of providing these types of investments as appropriate, risk-balanced vehicles to meet our overall return targets. This investment followed all the appropriate due diligence.