OTCPK:INPCF - Post by User
Post by
WheresMeGoldon Sep 12, 2019 10:26am
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Post# 30119667
Today is an example where Input not being aggressive enough
Today is an example where Input not being aggressive enoughRight now at the moment I’m writing this the stock is trading at 79 cents per share. There is a bid offer of 100,000 shares and a sell offer of 500 shares at 80 cents. The 100,000 share bid offer is undoubtedly Input itself via the NCIB. However, since the stock last traded at 79 cents Input could offer to buy 100,000 shares at 79 cents per share, not 75 cents, and be completely consistent with NCIB rules and regulations.
Input has the ability to retire over 4 million shares via the NCIB between now and mid December. However, unless Input becomes much more aggressive it will fall painfully short. Input, please become more aggressive. Today is a perfect example of where you are not. Offer large bids as the bid price goes up and you will entice shareholders to sell you significantly more shares to retire.