TSX:TNT.UN - Post by User
Comment by
flamingogoldon Sep 29, 2023 9:26am
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Post# 35661311
RE:CEO should be in jail
RE:CEO should be in jail It's all in black and white there...
"Decisions regarding the timing of purchases under the NCIB will be determined by management of the REIT based on market conditions" September has been a brutal month. They want to buy at lows just like us. Had they continued buying shares they would all be under water now. Perhaps they are making a wise choice to wait for improving market conditions before commiting additional funds.
SIGG1 wrote: 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.