RET - CTU MergerSince they announced share buyback mid June, there are still no reported buying on the open market. Instead, I think they changed their plans and decided to look at a business combination with CTU. What could be more accretive to shareholders to combine the 2 into a mega Canadian based entity with the combined cost savings on head office expenses. The share buyback was a good idea to baseline the shares to allow for a share structured transaction to conserve cash. Fairfax and other shreholders are not really interested in holding an illiquid stock and all a share buyback will do is reduce the per share losses. Cash could be used so much wiser by going head to head in a market you dominate by keeping operating expenses much lower and an online commerce that actually is scale able. Just my thoughts, but this business combination consideration is not rocket science.