OTCPK:GMNFF - Post by User
Comment by
nozzpackon Aug 30, 2022 6:55pm
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Post# 34931019
RE:The Free Float is
RE:The Free Float isIt would be a dual listing.
HK provides access to substantial amounts of capital which is the main reason.....and much higher valuation .
Everything is speculative until the fat Lady sings.
Felipe is a very cautious investor with a competent team behind him.
As for share buybacks , this has been going on for a decade or more, as I believe it still is.
It has drastically reduced liquidity, so liquidity is not an issue for management.
Typically, when share buybacks are sustained for such a long period of time and non insiders are intentionally reduced to a previous few, the company goes private .
I suspect the average long term share buy back price is less than $0.35 .....So, quite an outstanding investment of capital don't you think at NPV of $2.60..