RE:CC Buying on behalf of CZXStrathroy50, you make a great point. They make the announcement and have not followed through. Very common theme here. Why bother setting expectations? Feels more like a sales pitch. If you plan to do little, say little and now and then surprise the market. CZX talks and dissapoints.
Anyways, even if they went ahead and bought 8M shares in addition to their current balance, they would wind up with 9% of the float! Not even in remote territory from any kind of significant position.
Strathroy50 wrote: On a side note....Since the buyback window opened back on August 1st CC has only purchased about 170K shares. Of course there is no way to know how many of those are on behalf of CZX as part of their buyback plan. To me if Management feels the share price is so undervalued why haven't we seen more shares purchased during this peiord of rediculous low prices ? I know Mgmt has to make decisions on where to spend their capital but does it not seem logical to be taking advantage of these low prices ? Their release indicated they can buy "up to" 8 million over the year, and after only purchasing 569K over tha past 12 months it is unlikely (IMO) they will buy the full 8 million. Just seems a bit odd to me. Mind you it is also odd that as soon as we start the get any traction the share price is stomped on by Anon......