RE:RE:Attention Akiba
barrywhit wrote: Yes i read his Tweet, why they would want a buyback is beyond me, surely it would be best to spend cash on issueing a larger resource and paying off their debt.
I struggle with this board of Directors led by Akiba, also Wexford have too large a holding to attract other new large holders, Sailfish are also in a buyback it seems to be the only way they can think of improving the share price..
Seems pretty logical if other investors don't want to buy the stock. It's usually pretty hard to beat 3x FCF in terms of returns. Of course, it also sends a positive signal that might get new institutional or retail investors to take a look and buy which is the only other way for the stock to go up.