OTCPK:INPCF - Post by User
Post by
Ogopogo007on Sep 18, 2019 7:19am
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Post# 30138810
Sad when "skin in the game" clouds judgement
Sad when "skin in the game" clouds judgementWhen mngmnt's shares are bought with borrowed money, at much higher SP, all shareholders get hammered with collosially stupid ideas like .....use shareholders money to buy back shares.
is that working?
NO
NCIB started around $1.56 or so...so why isn't SP above $1.57 if NCIB worked?
But then around the STUPID IDEA TABLE comes another...SIB...lets spend up to $15,000,000 in an auction style bid.
how did that work one might ask ?
Well if paying up to $0.82 for shares now worth less that that.....answers that question. Total waste of shareholder $$$$$$$$$
INCREASE THE FREAKING DIV AND RETURN SHAREHOLDER $$$$$ TO SHAREHOLDERS