OTCQX:GXOCF - Post by User
Comment by
CDNOilInvestoron Dec 04, 2019 1:32pm
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Post# 30421696
RE:release today
RE:release today Read the press release... Seems I need new glasses, I could not find the part where the normal course issuer bid was applied for to the TSX. Let's so some quick math on the NCIB if Michael would find it within him and the Lenders to allow a NCIB... Clearly the Bank is an issue, as it is for all juniors.
At these rediculious stock prices, $1.0MM removes 6% of the float. 6 PERCENT!! On that train, 4.0M bought back over 2019 could have removed 20% of the shares. Bankers are tough in Calgary, I can see that all over the place but even a small buy back makes a MARTERIAL inpact right now. Come on GXO Management... Place a NCIB in. Your market cap is now equal to this years cash flow. This is unheard of. Then, in time if you want to issue the dividend again, a lot less shares to pay this on. Easy math boys, push your way into this! Drop the bank and pick up term debt if need be, this is crazy.
Great time it issue stock options though, perhaps not if you respect those that are down 90% on this company, eff_____