OTCPK:EUCTF - Post by User
Comment by
xsnrgon Feb 19, 2016 9:19am
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Post# 24574253
RE:RE:RE:RE:Eurocontrol - Normal Course Issuer Bid
RE:RE:RE:RE:Eurocontrol - Normal Course Issuer BidGijsWouter wrote: Correct me if I'm wrong, but I believe companies are only allowed to repurchase 5 to 10% of its shares in a normal-course issuer bid.
tpaymans wrote: I am not familiar with this, but with 10 percent less shares the p.p.s. should be around 30 cents.
I personally would have liked a 30 percent share acquisition .
Anyway this must have a possitive effect don't you think? If not, an eventually buy out is now 10 percent cheaper.
100% correct my man. As expected Bruce did the max, he is not messing around. I think he looked around at acquisitions with all that cash and decided the best investment available at the moment is actually EUO. Smart smart business guys. And yes this thing is going to skyrocket when the purchasing begins...I actually expect it to start today as people try to front run Haywood. It will increase the average cost of the buy back but we will win in the long run....Ill dig up some of my old posts but this is EXACTLY what I suggested!!! Great minds must think alike.
Normal Course Issuer Bid Rules for the TSX