RE:RE:RE:WhatNo, it's not. Many smart companies have an NCIB in effect, at all possible times, and you, if you're an actual shareholder, want that. It doesn't ruin contrary to anything they've said or done, it just gives them the ability to use another tool to increase shareholder value. If share prices drop fifty percent suddenly, yet the underlying business has not changed, do you REALLY want the company to not have the ability to buy back stock?? I certainly don't!
Cheers
CHECKMATE77 wrote: It's the optics, they claimed the issue was to raise money to grow their business. Thus they need the cash. This is in odds to buying shares back, even at a lower price as they did suggest they needed cash.