RE:your just being BAITED...put on ignore...I have posted previously, i had in excess of 60,000 ARX shares.
I have watch Eric Nuttal operate for years and he will not endorse a company unless they play by his playbook. With CPG case in point, he would not endose them as a pick until he got a commitment from management regarding what the will do with their FCF.
The way i look at at it is if management is actively commited to buybacks, like ARX 10% commitment, and they are actively engaged with Eric Nuttal, they you can feel confident as a share holder you are thrown under the bus, and management is not working in your best interest. Forget dividend they are in the distant future.
Why not Share Buyback if the Stock Price increases?
Great question, my answer is this, bad management can inflate share valuation by using the companies capital to buy their own shares, creating their own artifical bubble and juice the share price.
As soon as that stimlus is removed, Eric will be gone and the stock will trade at its former previous levels. The buy backs only enhances returns for people like Eric who will never be a long term holder of ARX, but is the master of the Pump and Dump. Telll the company to send your capital to Ninepoints it will ultimately be cheaper for the company.
The loyal ARX shareholder get pushed to the side, as the group of investors who may be seeking dividends, i guess Management needs to look elsewhere, the new ARC does not pay meaningful dividends like old ARC go look elsewhere. We have hung our hat on the Eric Nuttal fast money train.
IMHO