GREY:VAALF - Post by User
Comment by
bungee303on Feb 28, 2008 5:17pm
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Post# 14567911
RE: Back to .50!
RE: Back to .50!Strange trading indeed - never heard of Global Maxfin Capital Inc. (42) - they were selling and buying at .53. Over 2 million shares today - did anyone catch if there was a big buy/sell or cross and which house? Total shares traded since February 1 is just over 5 million - not big volume. VAA has a year to buy back 7,621,607 common shares. It is usually a good thing as it increases the value of each share. Capstone did it last year, Manulife and Talisman do it all the time, Acadian announced they intend to do this as well. JMHO but is usually indicates that the company has their financials in control and is confident working a plan, allocating money to areas where it is best spent in order to increase cash flow and value.
Cheers