Business Context and Reporting Period
This Form 6-K filing is submitted by Mogo Inc. (formerly Mogo Finance Technology Inc.), a foreign private issuer, for the month of February 2020. The report was signed on February 28, 2020, by Gregory Feller, President and Chief Financial Officer. The filing primarily serves to disclose a press release regarding a strategic partnership and asset sale.
Key Financial Metrics
The filing text does not provide a comprehensive set of financial metrics such as revenue, profit, cash flow, margins, or debt levels for the reporting period. The only specific financial figure disclosed relates to a transaction:
- Loan Portfolio Sale: $31.9 million (Liquid loan portfolio).
Material Changes
The primary material event disclosed is the announcement of a three-year lending partnership with goeasy Ltd. Additionally, the company executed the sale of a $31.9 million Liquid loan portfolio as part of this strategic development.
Guidance, Outlook, and Risks
The filing text does not contain specific forward-looking guidance, management commentary on future performance, or a detailed discussion of risks and contingencies beyond the announcement of the partnership and asset sale.
Investor Verification Checklist
- Verify the terms and financial impact of the three-year lending partnership with goeasy Ltd.
- Confirm the accounting treatment and cash proceeds realized from the sale of the $31.9 million Liquid loan portfolio.
- Review the full press release (Exhibit 99.1) for details not summarized in the Form 6-K cover page.