RE:RE:RE:RE:RE:RE:We have news!Stanny wrote:
I think share buybacks are a great move for companies of this size if you have the cash. Increases the equity holding for each of us. Most of us on this board are holders and are looking for a higher share price. Nothing wrong with a little financial engineering. I support the move. Last years average purchase price was 53 cents. That's a win. And with a ceiling of .75 cents on the buybacks, that shows management believes we will go higher and thats a good thing
I will listen to your sage advice -- and how long have you been a shareholder of ROI?
I bought my first batch in 2013. ACB is 4.5c pre consolidation. Today's price is just under 6c on those terms. So almost 1.5 cents in 7 years and they have been doing share buybacks for most of those 7 years so presumably that is the value of which you speak :-))