RE:RE:Martin Granger must be short NBZ
NBZ had not choice to go through tender offer instead the more traditional issuer bid buyback, with an average daily trading of 200k shares it will take more then a year to complete the buyback from the market, and risking paying on top of that a much higher premimum if the stock appreciates more , by using a tender offer and with the help of the private major holders, NBZ will proceed swiftly with his plan to eliminate the dilution problem and set back the clock for a rebound.
Finally, I dont understand why everyone making a big deal about dilution which now will be fixed, but no-one mentioned Enerplus or Bonavista , both had to go on the market the raise money at very cheap price a share and creating more dilution to their shareholders.