RE:NCIB News Release Today = copyIf I understand the NCIB, the last one accounted for about one-half of all trades in the 1 year period, with over half of total done in the 6mths ended jun 30/2020 at ~63c average price. I can well see some point in buying in 40c range and, if there was no NCIB I can only imagine the price wud float around 40c/50c level, so I do not know why they 'push' price into these heady levels. If they really think they can improve financial performance, why waste money here as the 55c options and particularly the 60c warrants would then be exercised with all sorts of money going in their coffers.
Their bank lending is not too onerous and the promissory notes only become a relative strain on cash next year, but I really do not understand those contract liabilities ($4MM), or those payments to the 3 top execs under related employment benefits ($600K+ for 6mos) Are the contract liabilities prepaid MOBIKey amounts??
I sold into this latest NCIB.