TSX:TNT.UN - Post by User
Post by
SIGG1on Sep 29, 2023 8:16am
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Post# 35661142
CEO should be in jail
CEO should be in jail FOR MISLEADING INVESTORS REGARDING THEIR FAKE NCIB On April 12th 2023, when this announcement was made, stock was trading at $3.40. Now trading at $2.10, falling like a knife and no shares are being bought by the company. This was just a setup in an attempt to mislead investors. Normal Course Issuer Bid
The REIT and its board of trustees (" Board of Trustees ") have authorized a NCIB for its Units, subject to the approval by the TSX. The REIT believes that its Units trade in a price range which does not adequately reflect the value of such Units in relation to the business of the REIT and its future business prospects. As a result, depending upon future price movements and other factors, the REIT considers its outstanding Units may represent an attractive investment for itself. Therefore, from time to time, the purchase of Units at certain market prices below its net asset value presents an attractive use of the REIT's funds that should afford additional value and liquidity for the issued and outstanding Units while benefitting Unitholders by increasing their proportionate equity interest in the REIT. Decisions regarding the timing of purchases under the NCIB will be determined by management of the REIT based on market conditions, Unit price and other factors.