RE:The One Thing I Think Will HappenThe NCIB states that Canaccord have to operate within certain price parameters, whatever those were set at, when managing repurchases under the NCIB, so what you're saying makes perfect sense.
What will probably happen is that Canaccord will continue to repurchase on a regular basis until they reach the top, or close to the top, of the price range they were given and make additional purchases to protect whatever that maximum price is once they get there, effectively putting a floor under the stock price, from that point onward.
If you look at their trading over the past few days, they've been pushing through orders on the ASK side that are being put there by other traders to try and cap the stock price, as I was saying yesterday.We'll probably see that change over time to a pattern where they'll be putting in bids to stop the price from being brought back down below a certain level.
What we don't know is when that will happen and what their price range is, which gives them a big advantage. If someone is thinking of trying to spook bidders by putting in a large order on the ASK side to keep the price down at this point, they might reconsider doing that because they know they'll probably end up being short, even thought they might not really want to be, while the price is steadily moving in the other direction.
Therre are also other also other unknowns that could make the price appreciate in the near term.
This company has proven that it isn't standing still and there are a few other factors, besides what we already know, that could come along in the short term to help the stock performance and lessen Canaccord's need to buy back as agressively as they have, namely the potential for a cross-listing that is becoming more and more real with the company's U.S. expansion plans, as well as other potentially disruptive or defensive product announcements or further acquisition plans they could have up their sleeve.