INSIDER "BUYING" NEWS = STRONG-BUY ALERT! Not often you see an emerging company with such confidence (and anyone who has done their research on them knows that confidence is warranted - there is a reason as @retiredcf noted back in February that Donville Kent listed Wishpond as their top first choice of 2021). They're profitable, growing fast, and definitely trading at a discount right now. Thus, they're willing to buy back their own shares over the next year [at the prevailing market price when they buy them] which is enormously beneficial to us shareholders. This is incredible bullish. Nice move Wishpond!
As stated in the article,
"board of directors of the Company (the "Board") believes that the recent market prices of the Company's common shares (the "Shares") do not properly reflect the underlying value of such Shares. As a result, depending upon future price movements and other factors, the Board believes that the purchase of the Shares would be a desirable use of corporate funds in the best interests of the Company and its shareholders. Furthermore, the purchases are expected to benefit all persons who continue to hold Shares by increasing their equity interest in the Company if the repurchased Shares are cancelled. The notice provides that the Company may, during the 12-month period commencing June 11, 2021 and ending June 10, 2022, purchase up to 2,590,389 Shares in total, being 5% of the total number of 51,807,799 Shares outstanding as at June 3, 2021."
https://ca.finance.yahoo.com/news/wishpond-announces-normal-course-issuer-073000640.html