OTCPK:INPCF - Post by User
Post by
WheresMeGoldon Sep 17, 2019 11:20am
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Post# 30135402
Input the well is drying up at 75 cents
Input the well is drying up at 75 centsI commend Input for gobbling up shares on the cheap at 75 cents per share. This price is just under 60% of the current book value of the company. And remember that Input’s assets are essentially all cash and cash equivalents that will be converted to cash within the next few years. At 75 cents per share Input is purchasing and retiring these shares at 60 cents on the dollar, thereby driving up the book value per share even further, north of $1.25 per share.
But as I pointed out last week, the number of shares available at current levels of 75 cents per share is drying up. To fully utilize the current NCIB to retire the maximum number of shares Input needs to raise the bid. Please take the bid up slowly in order to retire shares at the lowest price. But please start raising the bid so the current NCIB doesn’t expire not fully utilized. Input needs to retire around 70K shares per day on average to fully utilize the current NCIB that expires mid-December.
Keep it up Input. Just become a little more aggressive.