TSX:LSG.DB - Post by User
Comment by
basemetalon Nov 29, 2012 8:06am
411 Views
Post# 20658808
RE: Share buy back program
RE: Share buy back program No! Why provide a market for shorts ? Might they not provide all the shares that the "buy back" program might ask for ?
If you want cash flow from your investment switch from common shares to the convertible debenture, It will yield about 7% at current market prices.... tax free if held in your TFSA.
The convertible debenture has provided the capital for development......that's all that Tony wanted. And if the cost of the debenture was a lower stock price, that can be used to his and the board's advantage too by proving a lower price point for the issue of options
The debentures have provided an alternative to commmon shares. Perhaps the holders of the debentures are reducing their net expense by shorting the common with impunity.