RE:RE:RE:Share purchase?Anchutz and Marty: Oh it was worse than that...from 2009 (CPG converted from unit trust to corporation) to 2016, CPG was a serial issuer of shares for everything ( acquistions, compensation, dividends, etc.), but, starting in 2017, they only issued shares for employee compensation. Now the share-based compensation is based on an actual dollar figure, so, as the share price drops more shares need to be issued. At least now, with the NCIB, they are buying shares from the market to meet these needs, so, no more dilution. In fact, there is now concentration for existing shareholders.
I noted on another post that shares outstanding had more than doubled since 2009, most of which was for raising cash for acquisitions. But a great amount of stock was also issued to compensate employees and pay dividends...not a great long term corporate strategy (i.e. ponzi).
The information for all this is in the following annual reports of management discussion under the
notes to consolidated financial statements re: shareholder capital. Makes for interesting reading. (hope they load!)
2010 ANNUAL REPORT:
https://www.scribd.com/document/409455812/CPG-ANNUAL-REPORT-2010
2011 ANNUAL REPORT:
https://www.scribd.com/document/409456000/CPG-ANNUAL-REPORT-2011
2012 ANNUAL REPORT:
https://www.scribd.com/document/409456151/CPG-ANNUAL-REPORT-2012
2013 ANNUAL REPORT:
https://www.scribd.com/document/409456439/CPG-ANNUAL-REPORT-2013
2014 ANNUAL REPORT:
https://www.scribd.com/document/409457346/CPG-ANNUAL-REPORT-2014
2015 ANNUAL REPORT:
https://www.scribd.com/document/409457348/CPG-ANNUAL-REPORT-2015
2016 ANNUAL REPORT:
https://www.scribd.com/document/409457350/CPG-ANNUAL-REPORT-2016
2017 ANNUAL REPORT:
https://www.scribd.com/document/409457361/CPG-ANNUAL-REPORT-2017
2018 ANNUAL REPORT:
https://www.scribd.com/document/409457366/CPG-ANNUAL-REPORT-2018