OTCPK:EUCTF - Post by User
Comment by
TradeCrazeon Jul 19, 2016 10:47am
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Post# 25064963
RE:RE:SIPCA buys more shares
RE:RE:SIPCA buys more sharesAnnndddd they picked up another 40k shares today...this time at 0.19. They really want on the board. I think this is one of the only times they paid 0.19 for their shares. Usually they try to get in at 0.18 or 0.185.
Whatever the case may be, them wanting to get on the board has kept the share price consolidating very nicely for the past few months. They could easily bring the price down if they wanted so I think their objective is:
1) get on the board
2) keep the value of the company high
3) not buyout the company (which to me seems to be the reason they have not brought down the shares.
This insider buying from them looks more positive every day. (Most people would drool over this situation of having a big international player like SICPA accumulate shares, especially one who just bought a subsiduary for $16mm)