RE: dividendWhat do you think is better for the long term NAV?
Buying back $3 worth of stock to close the gap on the NAV?
or......
Buying $3m worth of stock in deals that are trading under $0.25 and get warrants
included.
That is their business plan, they are going to stick to it - I don't believe management (I
could be wrong here) is going to alter their business model to please the retail
shareholders on the short term.
This deal is held institutionally and they see the bigger picture - brokers from the National
houses (RBC, TD, CIBC, HSBC) are going to buy EDV like mad when we see the next leg of
the bull market (I don't know when that is) . At that time - they can buy my shares at a
premium to NAV. In the meantime, I'll be happy to buy $4.69 worth of stock for $3 and get
paid at the same time.