Perhaps it is just the opposite...Common thinking is to raise as much cash as you can and hoarde what you do have. if a company is doing the oppopsite - as the VGW recent offer is - doesn't that suggest that they ALREADY have a ton of cash (which they do) PLUS they are throwing off a potential $20 MILLION per quarter of free cash going forward (analyst estimates). This is onegrateful for. of the many things that differentiates Valens from most other MJ companies and one, as a shareholder, you should be grateful for.
Their responsibility is to use this cash to find investments, assets, etc. that enhance the value of the company which is the same as shareholder value. What they just said was at these current prices, the best value in the space is...themselves! Since they should know better than any of us you should be taking heart at this buyback. Realistically, if they take 5% of the existing shares off the table, the share price should rise by MORE than 5% becaue the PE just went UP nit down!
A share buy back 99% of the time is seen as an extremely strong market move. Share buy backs are what initiated and continued to fuel the rally in the Dow for example.
Our biggest worry is a buy out...but then again at the right price it makes sense for all of us including VGW.
Stock should be over $5 US right now. Their biggest weakness is in getting the story out and managing the stock which is indeed a critical job of management. How they do this is definitely one of the criteria they should be measured against.