OTCPK:EUCTF - Post by User
Comment by
Ringerton Jan 19, 2017 12:23pm
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Post# 25728663
RE:RE:RE:If there was ever a good time for NCIB buying...
RE:RE:RE:If there was ever a good time for NCIB buying...Not too sure Endeavour... I don't think there was even a blackout. In the period that there was no insider buying the SP was around .16-.18. The reason the NCIB was initiated in the first place was that EUO thought the SP wasn't representing the true value of the company (this was at .15). Apparently they think .16-.18 does represent the true value of the company, hence no insider buying in those times. The NR that was recently released can't possibly have led to a blackout, especially since it the last insider buying was in October and the NR was released in January. In case they would be in negotiations over a sale of a Xwinsys sale over that period, yes it would have been a blackout... But working on a simple LOI that has already been announced, not a blackout to me... And to buy 20k at .15 once the 'blackout' was lifted? What a joke... If they really had initiated the NCIB again because they didn't think the SP was representing the true value of the company they should be all over it today, but there has not been a single share purchased under NCIB the last days.
EUO is just one big question mark, has been for years... Can't understand new investors are still buying into this.
endeavour wrote: Ringert, actually i think the opposite is true.
NCIB and Bruce both on the buy last couple days in open market.
The blackout was lifted recently - thats the real cause of the weakness right now as investors have the attention span of a gnat and if they don't think any major announcement is immediately pending, they sell and move on. That, in my opinion, is what we're seeing now.
The stock will likely only stop moving down once they enact the blackout again, as that would signal something significant is in the works - but that could be weeks or months away, thus the buying opportunity presents itself (again) for us long term investors. Not what we would have preferred but it will likely look like a bargain when you look back in 12 months time.