Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

Bullboard Posts
Comment by SafehouseCanadaon May 24, 2018 6:32pm
130 Views
Post# 28078135

RE:RE:RE:Share buyback

RE:RE:RE:Share buybackHmmm, I know what you mean about how taking investor's money and then using it to buy at a lower price is bad form. But that isnt what would be happening here. Even though it was only a short while ago, the main point of the share issuance was to finance the purchase of Glencore's assets. That mission has been accomplished. I agree that there remains an obligation to develop the properties they have, but there is currently an excess amount of cash flow being generated to satisfy that obligation. At this point, a share buyback would not be unethical because shareholders have not been mislead.

It is definitely unfortunate for investors that Trevali has acheived its original goals and yet still finds itself with a lagging stock price, but we have to adapt to the reality of the situation. If it is indeed the case that Trevali is being swept about by technicians tracking a downtrend and general market forces even while the fundamentals remain sound, then a share buyback could definitely be prudent at this point.
Bullboard Posts