Bewhere Holdings Inc V.BEW

NCIB Action Today: July 29

[kulewater]

169K were purchased today by Echelon // the proxy for the NCIB. It effectively took out the entire block available .24 that was put up at .24

This represents a repurchase of almost $40K in one day. The correct way to underpin a shareprice using an NCIB.

Looking forward to what I believe will be a record Q2 in a few weeks.

Have a great weekend all.

[kulewater]

For posterity.. here is the official breakdown from today. House 018 Echelon Bought $40,560 Volume 169,000 Average $0.240 Sold 0

[hrgoyal]

Do you know why Echelon has not filed July share buyback report due within 10 days? Did Echelon really purchased shares? 

[hrgoyal]

Only explaination is that Echelon bought the share for itself and not for BeWhere. If that is the case it is a good news bad news. Good news is that Echelon is buying and bad news is that there is no buying during blackout period. No buyingback so far in  August. Echelon bought only 52.5K shares in  whole June. Typically BeWhere declare Q results in 7th week after Q is over, so only 5

[hrgoyal]

I was watching this trade very closely to see if Echelon will buy all 150K at 0.24 or not. Echelon waited till last minute to see if someone else comes & grab 150K or some of it at 0.24 or not. Good thing Echelon grabbed. Bad thing, no one else bought at 0.24. But now Echelon is buying at 0.24/0.25 under NCIB, a booton is set. Let us see how fast bottom is raised from here. In my opinion a