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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Comment by Nofool1on Jan 31, 2013 7:54pm
150 Views
Post# 20920989

RE: Nice end of day run

RE: Nice end of day run

I did some checking and there may be rules in Canadian law against insiders from voting their shares in a move to take a company private. So that means management made this buy back offer solely as a anti-takeover move (which they can do without a shareholders meeting) therefore don't look for organic growth or news from them anytime soon that would move the SP above $2.45, what would be the point of them making the offer. They are wasting nearly 50 million (35 now and the previous buy back plans to reduce capital amounts on th books, reduce the share float, hopefully increase the SP in future and make the Earning per share look better without actualy increasing production or revenues. What a bunch of clowns all they need to do is get rid of Ed and the SP doubles. It would have been worth 50 million to buy him out. 

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