OTCPK:INPCF - Post by User
Comment by
WheresMeGoldon Feb 11, 2020 6:32pm
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Post# 30677129
RE:How much shareholder $$$ did INP waste in 2019? NCIB
RE:How much shareholder $$$ did INP waste in 2019? NCIBThe average price of shares retired is at 82 cents and the book value is at $1.24 so I have no problem with their share retirement.
I have a big big issue not explaining significant events, like the loss of a mortgage worth greater than 10% of its market cap. Is that too much to ask? There are no more conference calls. You start to wonder how many hours per week they dedicate to the company.
At this point I believe they should fast track liquidation of any assets they can liquidate quickly, retire as many shares as possible below book value, return cash to remaining shareholders, and close up shop. This would result in shareholders getting something significantly higher than the value of the current share price.
Imo this needs to end sooner rather than later if Doug and Brad can’t bring themselves to communicate to shareholders on significant issues and events.