Medicure Inc V.MPH

Have to think he knows more than Mackie

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[Investorwpg]

Nothing is happening at Medicure.  Bert Friesen is all about control.  He would rather own 100% of a $1 million company than 10% of a $100 million company.  That is why he agreed to do a share buyback at $6.50, which was valued at an astronomical premium to current market prices.  Some of the largest shareholders wanted out of their positions and threatened to remove him if he

[JCW]

Thanks InvestorWPG......probably a very good summary of the situation. The buyback "on the surface" looks like (although not a wise business decision), a fair distribution of cash to all shareholders; but in reality, it was more likely to have been a method of steering funds to "his favoutites". Almost actionasble, I would think......JMO.

[ciretaka198]

somebody should be doing some time for that but this is Canada with toothless regulators

[Investorwpg]

What I find astonishing is that Medicure is still buying back shares!  May 24th and 29th SEDI filings show Medicure has spent roughly $150,000 buying back shares.  Repurchasing and cancellation of shares will continue to increase Bert Friesen's ownership percentage at the expense of the company's going concern.  Medicure continues to burn through its limited cash balance