Medallion Financial Threatens Stock Critics And Predatory Lending Victims And Supporters

  • Gordon,

    David is entirely correct. You are likely to end up with a huge judgement against you for clearly violating the law on tortious interference with contract. Working with Senator Warren’s office is no defense. If the medallion owners you are encouraging to breach their contracts end up defaulting, you will end up being another source of payment to Medallion for your tortious interference, not to mention you are clearly skating very closely, if not over the line into RICO conspiracy violations and illegal manipulation of stock prices. I hope you have some great liability insurance coverage.

    Here’s another charge of fraud against a MFIN critic from November 2016:

    As usual, another rather lame post. The loan certainly can be re-negotiated and your claim of violating BDC is knowingly misleading, amounting to fraud. The Company has already announced plans to give up BDC status so that would be completely irrelevant.

     

    Here’s an example of MFIN stock promotion by JeffS that turned into catastrophic advice:

    JeffS
    JeffS
    Once again, the company bought back the maximum shares allowed on Friday at an average price of $6.31. Expect it to continue. As the recent days volume gets factored into the volume average over the period mandated by the rules, the number of shares it can buy per day will increase. This is not a good time to short the stock, but a great buying opportunity

    In yet another pumpndump, MFIN peaked at $8.11 on August 1, 2016. Combined trading volume on August 2 and August 3 was 2,679,000 shares.

    Volume was 21 times the volume of the week immediately preceeding the dump between July 22 and July 29.

    As the cronies unloaded these shares, MFIN dropped 32% in 3 days to close at $5.48 on August 3.

    The price upticked to close at $6.37 on August 5. This price was never close to being seen again over the past 4 months.

    The rah-rah flavor of posts by JeffS during the relentless drop by two thirds over nine months is extremely consistent….and always horrible investment advice for low information investors.

    They have always reported purchases promptly. Just look at SEC filings. If you read the letter they sent, the purchases cannot begin for 30 days after the notice date and expected to conclude on the 180th day after the purchases commence. It is the same as previous letters, and if the buying has not been concluded by that 180th day (which would be about 5 months ago for last year’s letter), I would think they would have to update the notice to continue buying after that period, so as not to be misleading. I think they have stayed out of the market for the last 5 months or so because they had not updated last year’s notice.

    JeffS

    JeffS
    Once again, the company bought back the maximum shares allowed on Friday at an average price of $6.31. Expect it to continue. As the recent days volume gets factored into the volume average over the period mandated by the rules, the number of shares it can buy per day will increase. This is not a good time to short the stock, but a great buying opportunity
    MFIN bought the maximum shares it was allowed yesterday; that is based on volume. Shorts better watch out. Obviously, management has confidence in results going forward. You can count on more repurchases today, if stock remains ridiculously low. It is already headed up this morning — pretty much on a one way trip so far.
    I agree. The earnings were fine. It’s just an overreaction in a down market and a likely sellout by those who are only interested in dividends. Looking at it as a normal bank with a finance arm, it is extremely cheap based on future earnings and discount to NAV.
    It depends on the date from which you are measuring the NAV. $11.41 is actually up 15 cents from a year ago and only down one cent from 12/31/15. I agree that it is a screaming buy based on NAV discount and the bank’s future earnings capability.
    Pure nonsense and speculation. There is no reason to believe that the lines of credit, revolvers, bank debt, etc. won’t be refinanced in the normal course of business and even likely at lower rates. The company has an A- credit rating. These types of financings always tend to have shorter maturities and your implying that they mature this year is simply misleading. One finds this happening each and every year.
    So now the basis for the headline in Hickman’s story is now false as UBER has erased the fare cuts and lifted them again.
    This is a false posting. It should be deleted. The officer who left was NOT a director. Per the press release, which any intelligent person should be able to comprehend, he was “Chief Credit Officer and Chief Operating Officer of Medallion Financial Corp. (the “Company”) and President of the Company’s asset based lending division, Medallion Business Credit.” As pointed out in another posting, his performance for the company was sub par.
    And neither did you. As “three s” gossage noted, the man didn’t want to travel from London anymore. Simple and straightforward. Nothing lame about it.

    [Note: “three s” gossage was a screen name used by disgraced MFIN stock promoter Lawrence “Larry” Meyers]

    JeffS
    Obviously, not that worrisome considering the earnings results, credit agency ratings and the successful bond offering, all of which would have required professional financial scrutiny.
    And they are still able to post steady to increasing earnings and raise the dividend last year! Your analysis and cherry picking parts of earnings reports are useless.

The message is clear:

Whether you’re a MFIN stock critic or a victim of MFIN’s predatory lending:

Don’t be intimidated!!

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