GREY:PRBEQ - Post by User
Post by
Papagalloon Sep 10, 2015 11:37am
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Post# 24092658
Why no NCIB??
Why no NCIB??With a s/p of .04 the company could announce an aggressive NCIB. Market cap is currently $12 million. 15% o/s shares means they could theoretically take out everything for $1.8 million. In reality, they would likely have to pay more, but not much more. For a measly $10 million they could take out all retail shares. The flip side of a takeover is to drive the s/p over .70 so CM can unload his shares into open market. Hard to know what these guys are thinking.