OTCPK:EUCTF - Post by User
Comment by
kidl2on Jan 19, 2017 12:27pm
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Post# 25728703
RE:If there was ever a good time for NCIB buying...
RE:If there was ever a good time for NCIB buying...Ringert: You said “I really, genuinely do not understand the slightest bit of their NCIB strategy.”
There is nothing to understand because in order to have a bad NCIB strategy, one has to have a strategy to begin with.
The repurchase of roughly 1 Mil shares at an approximate average cost of $0.16 does not speak for any sort of strategy especially if you consider that the NCIB was competing with SICPA for share around the $0.18 mark in June and July of last year.
I have seen a lot of badly run NCIB’s but never have I seen a NCIB competing with its largest shareholder and member of the BOD.
It really begs the question which of these two parties is the greater fool or does it?