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08-Jun-2017 13:20

Recently he laid out his vision for the company to “be the first choice for depositors, borrowers and brokers”.He has held senior roles at TD Canada Trust (TD) and CIBC (CM) specifically within the mortgage divisions and he was the CEO of Filogix-a service provider in the mortgage sector.He has also had some notable roles as CEO of Kanetix-an insurance tech company, and served as Director and chairman of a few other mortgage lenders.Brenda Eprile, one of the directors of Home Capital recently said to the CBC, “Bissada has proven his ability to balance an entrepreneurial culture with operational and regulatory discipline”.As most people know, it’s been a rocky ride for Home Capital Group (OTCPK: HMCBF) stock investors recently.Some investors have lost dearly and others have done quite well if they bought just at the right time this year.His goal is to get the right kind of culture into the company.

It would have been illogical for the shareholders to vote yes since a lot of the liquidity issues have been resolved earlier in the year and the only outcome from the investment by Berkshire would have been a dilution of shares for current investors.

Either reason to sell is legit and debatable to which one it is.