WIN is a flip flop ISSUE 12 MILLION- BUY BACK 6 MILLION- SUBTRACT BANK FEES ETC....... WHAT A JOKE
THEN THE MSD DEBENTURE BANK FEES + INTEREST ON DEBENTURES
PROBABLY THIS WHOLE BUYBACK IS A NET LOSS OF INVESTORS CASH AFTER BROKERS FEES FOR PLACEMENT ETC... THATS WHY THE BANKERS LOVE WIN NOTE THE BOUGHT DEAL PLAYERS ALL MAINTAINING THEIR ELUSIVE HIGHS ON STOCK
what a waste of good money gone bad= has the masterplan dissapeared seems so, the plan now is there is no plan what a dog
CEO OF THE YEAR = SELL HIS OWN STOCK HIGH AND BUY IT LOW ???????
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OTTAWA, Canada – February 4, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN), a leading technology innovation and licensing company, today announced that it has completed the previously announced bought deal common share public offering (the “Offering”). The Company sold 11,400,000 common shares of the Company (“Common Shares”), at a price of $6.60 per Common Share, for gross proceeds of $75,240,000.
The Common Shares were offered by way of a short form prospectus in all of the provinces and territories of Canada, other than the province of Quebec. A syndicate led by CIBC World Markets Inc. and including Paradigm Capital Inc., Wellington West Capital Markets Inc., Canaccord Genuity Corp., Fraser Mackenzie Limited and NCP Northland Capital Partners Inc. (collectively, the "Underwriters") acted as underwriters for the offering.
OTTAWA, Canada – December 9, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that its Board of Directors has approved the adoption of a normal course issuer bid (“NCIB”) to purchase for cancellation up to 6,183,347 common shares (“Shares”), being 5% of its issued and outstanding Shares as of November 30, 2011, through the facilities of the Toronto Stock Exchange (“TSX").
The share buyback program is subject to obtaining requisite regulatory approvals including filing notice with the TSX. The NCIB is expected to commence on December 14, 2011 after WiLAN receives regulatory approval and will expire on March 3, 2012.
As of November 30, 2011, the total number of issued and outstanding Shares was 123,666,942. The average daily trading volume for the six months ending on November 30, 2011 was 1,052,309 Shares. Daily purchases will be limited to 263,077 Shares, other than block purchase exceptions.
WiLAN and its Board of Directors believe that this NCIB is in the best interests of its shareholders.
The actual number of Shares purchased, the timing of purchases and the price at which the Shares are bought will depend on future market conditions and on potential alternative uses for WiLAN’s cash resources. Any purchases will be subject to trading restrictions and will be made by WiLAN at the prevailing market price of the Shares at the time of purchase.