RE:RE:RE:New lows today down to late 2015 levels....Confirmed on the call no new NCIB planned to conserve cash along with reduction in CAPEX planed for the year. Great example of dual class share structure limiting upside in a company due to low probability of M&A or activist investor to shake things up.
Precisely. One explanation could be that they don't ever plan to sell the company that is paying them way above market remuneration for underperformance. This is their cash cow and they are milking it. There is no motivation to increase the share price, just keep the beast alive.