OTCPK:INPCF - Post by User
Post by
WheresMeGoldon Jul 09, 2019 7:26pm
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Post# 29901532
Further advice for Input
Further advice for InputInput ends the SIB on Friday. Hopefully I’m wrong but I’m confident only a few million dollars worth of stock was tendered, leaving most of the $15 million allocated for the SIB unused. This would leave Input with likely over $20 million in cash. Assuming this plays out as I expect, I suggest Input does the following starting Monday.
1) Restart the normal course issuer bid to retire shares. I suggest Input purchase and retire around 20K-30K shares per trading day for the next month.
2) Initiate another $15 million SIB when quarterly results are reported in mid-August. This time the SIB purchase range should span 20 or 30 cents instead of 10 cents. As example set the SIB price range at 80 cents to $1.10 or $1.10. This will better ensure much or all of the $15 million will be utilized. And the higher range will still significantly drive the book value per share up further.
3) Restart The NCIB once again utilizing the remaining cash held and generated as long as shares are priced below book. Also continue to cut headcount and overhead.
This would be in the best interest of all shareholders imo.