RE: RE: RE: SIBR000, What you describe is a normal course issuer bid in which case the company can by back a certain amount of shares on the market (usually limited to 5% of the total shares outstanding).
WND plans to buy a substantial amount of shares back (20 million) by way of an offer open to all shareholders who will receive an info circular. The independent valuation is being done in conjunction with the offer and included in the circular so that shareholders can make an informed decision.
According to todays news the Windstar project alone is worth $3.67 a share. Based on this info it is clear to me that the shares are vastly undervalued at present.