RE:RE:RE:RE:RE:RE:Consolidation to be 25:1 Thoughts everyone?Thanks for the clarification on the NCIB Club.
Enjoy Mothers day tomorrow with your Family.
Cheers
clubhouse19 wrote: 859
I see that some here including yourself are mentioning NCIB as a tool that the company may use to buy back shares/ Is not the renewal of the NCIB used for the same purpose they did it the last time to pay the bonuses and option/rights for their employees and execs ?
BTW..they can only purchase back 5% of their float or up to 10% in some cases under NCIB rules as I understand it here in Canada.
Why are some using this NCIB for anything other than that ?
Insiders with common B shares are in the same boat as everybody else.
Equity offering for paying down debt and institutional involvement are the only things that make sense to me which if done, should do much to stabilize the stock in the longer term. is not that their objective as they stated ?
BBDB859 wrote: Hey Club.
I was thinking about this R/S and what I'm going to do. But then, I thought, why do I have to do anything here. I'll stay put and see how this unfolds in the first place.
I don't know how
you perceive this situation though?
I on the other hand, just can't seem to see the Bomber trading at $30/share. It's just too hard for me to imagine the Bomber shares as being of Investment Grade, and a dividend paying Growth stock. But as I see it. This is what it is MORPHING itself to become. Certainly it has the capability with it's new strong EBITDA's IMHO.
In your opinion though. Could this become a serious company, and have a desired Stock all of a sudden?
As you know I don't need to do anything here I'll still crack open a bottle of Alzero Cab next to my steak either way. But I want to also get my money's worth for the time I spent with this stock. Cheers
clubhouse19 wrote: 859
This is a longer term strategy that bbd is setting up which includes equity offering for debt reduction. Shorts and day traders will be playing against the big boys . The underwriters will clean up with the money they make from the underwriting fees and warrant incentives.
This is the price that has to be paid to get institutions and funds to buy in.
Penny daytraders and shorters will be a thing of the past as there should be more scrutiny with a 30.00 stock with much less debt. The transition and timing of it is the critical thing to observe but I am sure some deals with those underwriters are already being agreed upon and discussed.
BBDB859 wrote: Hey Club.
I agree with you, on both those points. It's the timing and size of split. I would have been happy with a 10 for 1 split, done in say, June of 2023. They has to be a reason for the haste on their part. I think you're right that they want to dilute us again, by paying off the debt, with the new 200M offering.
clubhouse19 wrote: 25 fpr 1 would create too much of a lower float thus making the stock more volatile. I would think something like a 1 for 10 would be more appropriate and create some second thoughts before someone wants tp play the short end.
Timing, when all is considered, IMO is the most important criteria as you would want to exercise the RS when more of the reversal of fortunes is confirmed.
But WTFK's