Intrinsyc Software International Inc ISYRF

RE:RE:RE:Tracy Rees Buys A Little More

[humppyus]

Regarding the NCIB,  I clearly have too much time on my hands.  It looks as if they have been using Echelon Partners for the 3,300 shares they can purchase daily.  The clue has been the consistant purchases of 3,300 shares by Echelon ( House 18 ).  TMX Money has the trades, however you have to watch daily to catch them.  Nov 19th was the last day they purchased.  However I have not seen as many filings as I  have seen purchases so I suspect we will see more filings soon. 

Regarding ITC's ability to buy single larger blocks, I haven't seen any of these filings so I assume nothing yet.  I remember with the last NCIB they started buying 10K - 12K share blocks back in May and quite frankly it almost looked as if they were driving their own stock up in price.  Then they stopped in July and didn't show up again until October and that was it.

There is a lot of overhang of sellers on this thing.  When watching Trading last Friday and Monday when both days had good volume, the Bids and Asks were not really large.  There was suddenly a trade at a price between the two prices and the blocks were larger. If the price got to 1.40 or greater it simply got pushed back to the 1.36 - 1.39 range by a small trade and  then boom another block would trade.

Adding to ITC's Share Price Problem, is the overall crappy market conditions.  Why blow a good news release that will just create liquidity for sellers.  Neither do I see this as a major Tax Loss Play.  With the exception of those who bought in the first 6 months of 2017 there really isn't any big loss to take for Tax Reasons.

Like everybody here I am just waiting for that Release which will one day start this thing moving.