RE:share buyback?Divy wrote: Why don't they issue a share buyback at these bargain record low price?? and why no insider buying at all???
I asked management both these questions.
They do not plan a share buyback at this time since they can safely use the nest-egg capital to grow the business while maintaining safe debt levels. I like this approach.
I asked about lack of insider buys and management stated that everyone has a reason for not buying or selling and he can't speculate any reasons behind executives making personal decisions to not buy more. Look through SEDAR for MD&A and it will show you that management receives decent incentives to grow the business and to hit profitability targets. The incentive bonuses are scaled which is great. I'd love to see more insider buys but I am fine with the motivation and incentives that will help to drive growth.
Sitting on a gem here guys!!