Former Stockgroup Mulls Future

 

Invictus Financial, the Vancouver-based vendor previously known as Stockgroup, is attempting to renegotiate agreements with suppliers in a bid to stay afloat, after a series of divestments and cost-reduction programs failed to generate positive net cashflow for the full year 2009.

According to the most recent financial statements for Invictus—which changed its name last month after selling off its Stockhouse brand and media business—the company incurred a loss of almost $414,000 during 2009 an