RE: What the???"You know i like this stock. However, I could never understand why a company raises funds just to buy back stock"
I imagine the original purpose of the PP., was for expanding,and growing CPT. AS the company now will be gaining more investors with the application to the TSE ,Cpt may be viewed more favourable with larger volumn and higher prices brought about by this buying.
Another way to look at it doing the same thing they did to SNMD,make money any way you can, --its all good for CPT --so the original purpose of the PP is intact.
Must also indicate that any more PP's will be higher than their current buy back.Toby seldom throws money around foolishly.