Business Context and Reporting Period
This Form 6-K is filed by Mogo Inc. (formerly Mogo Finance Technology Inc.), a foreign private issuer, for the month of March 2020. The report was signed on March 9, 2020, by Gregory Feller, President and Chief Financial Officer.
Key Financial Metrics
The filing text does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the reporting period. The document serves as a notification of material events rather than a comprehensive financial statement.
Material Changes
- Lending Partnership: Entered into a three-year lending partnership with goeasy Ltd.
- Portfolio Sale: Sold a Liquid loan portfolio valued at $31.9 million.
- Debt Repayment: Repaid a credit facility related to the sold loan portfolio.
Guidance, Outlook, and Risks
The filing text does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or details on contingencies beyond the disclosed material changes.
Investor Verification Checklist
- Verify the terms and financial impact of the three-year partnership with goeasy Ltd.
- Confirm the accounting treatment and proceeds from the $31.9 million Liquid loan portfolio sale.
- Assess the effect of the credit facility repayment on the company's current liquidity position.