OTCPK:INPCF - Post by User
Post by
WheresMeGoldon Sep 12, 2019 12:38pm
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Post# 30120291
Input, is your goal to buy a lot of shares below book?
Input, is your goal to buy a lot of shares below book?Input, you have the opportunity on many days, with today being a perfect example, where you can buy a lot more shares well below book value but you apparently choose not to do so. It will be a shame to let the current NCIB expire in December not fully utilized.
Today you have remained stuck at a bid of 100,000 shares at 75 cents. You can raise it to 79 cents and start attracting shareholders willing to sell. You need to buy on average around 70,000 per day for the next 3 months to fully utilize the NCIB. You can achieve this if you choose while staying within the NCIB rules and regulations. So the question is whether or not you truly want to buy shares below book value in order to retire them via the full utilization of the current NCIB. You surely have indicated doing so is in the shareholders’ best interests and I would agree.
So Input, please be much more aggressive in retiring shares as the NCIB allows.