RE:RE:RE:RE:RE:What is the right question?Thanks for the clarification. Though it's unsettling at times, I, personally, am not bothered by the gamesmanship of traders in AVO over the short term, and my guess is that neither is Cannacord. Their mandate is to repurchase shares at a discounted price to what Avigilon deems to be fair value, rather than provide support directly to the SP by bidding the stock higher. Obviously that will be a consequence though. Naturally, a consistent grind higher would ease the mind of existing investors, and would certainly compel new money to get involved in the story, not to mention perhaps putting a cap on shorters and traders of the stock, but the abiltity of Cannacord to purchase 66,700 shares per day can only provide so much support, and for only so long. The fact is, regardless of what the SP does in the interim, over the remainder of the NCIB being active, what ultimately matters to the SP, and to the board of Avigilon, are the results and the sentiment of the market towards AVO over the more medium term, and the first week of August will help paint that picture for all involved. As I stated earlier, I think the NCIB was merely instituted to capitalize on the whims of the market for AVO, and the timing was right, considering capex, forex, etc. to do that. Support for the SP is secondary.
P.S. I've been using options as I've accumulated AVO over the past year to help offset some of the volatility, such that the lumpiness of their results and the 'manipulation' from traders has been less intolerable. For those that have been holders of AVO over the past 15 months or so, it's been a tough road, and a true test of your commitment. Here's to a better trajectory for AVO over the coming months and beyond!
Cheers, Mikey