OTCPK:APCFF - Post by User
Post by
Lllennnon Nov 10, 2020 12:05pm
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Post# 31870547
I wish I was this Smart with (25 million)
I wish I was this Smart with (25 million)The Company believes that the recent trading level of its Common Shares reflects a price that is below management's estimates of intrinsic value per Common Share and thus has determined that an acceleration and expansion of Common Share repurchases is in the best interests of the Company. The board of directors (the "Board"), therefore, has approved the Offer. The Offer provides liquidity to those shareholders that sell under the Offer while increasing the relative ownership of remaining shareholders. The Board, together with management, will continue to review various options for the allocation of capital including, but not limited to, repurchases of the Company's securities (in accordance with applicable laws).HAHA