Orca Energy Group Ord Shs Class A V.ORC.A

Insider update

[gasoholic]

On Jan 26 the company announced the repurchase and cancellation of 6.5 million shares. Shaymar also announced the redemption of 1.5 million shares which I presume is included in the cancellation by the company.
About 2 years ago I posted that in the previous 5 years although the company had been buying back shares that the float remained constant. The senior officers had been issued an equivalent amount of shares as bonuses as what was cancelled by the company. That was when the float was about 35 million. As of the most recent quarterly report the float was down to app 27 million so maybe they have stopped that practice. I'll be checking on that next quarterly report.