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Mortgage Broker News | 13 Dec 2013, 12:00 AM Agree 0
Smoothwater Capital will participate in a special shareholders meeting for Equity Financial Trust in March with the intention of removing seven of its nine directors and appointing three new ones – including recently ousted Nick Kyprianou.
  • Gary | 16 Dec 2013, 07:01 AM Agree 0
    Nick has done a good Job? are these people serious? $78 Million in origination for someone with a trust License and ability to do Subprime Lending? that is a Joke! I would have fired him a long time ago. Nick was lucky to get credit for the work he did in Home Trust. People Need to realize it was and it is all Gerry Soloway and other smart people Like Jim Hill and Bobby and couple of others!
  • Ron Butler | 16 Dec 2013, 07:20 AM Agree 0
    Gary Anonymous, that's just not true. Gerry would not have made Nick the second in command if he didn't believe in Nick. Changes happen in businesses, things change and sometimes good people leave, that does not always mean they were the wrong people. Certainly not in this case.
  • Aaron | 18 Dec 2013, 07:55 AM Agree 0
    Not picking sides, but Gary the problem with your comment is that Equity Financial has been restricted in its volumes by its regulator, OSFI, the 72 million in originations was actually more than they should have been doing. Nick isn't perfect but your criticism is not a valid point at all.
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