TSX:MRT.DB.A - Post by User
Post by
Shirtlessnomoreon Nov 21, 2020 10:49am
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Post# 31946832
Actually the more I think about this NR
Actually the more I think about this NRThe more I like it, there is a laundry list of reasons why this is beneficial to us as shareholders. 1.MRC clearly believes the value here is way better than taking cash as THEY have such huge skin in the game themselves 2. Pretty safe to say our distributions are safe throughout this turmoil between the cash savings and MRC wanting shares 3. The NCIB has purchased and cancelled alot of shares to compensate already and will likely continue to do so 4. Cash savings per month 5. Any heinous thoughts of dilution can pretty much be removed from the table as if that were the goal they would have never chopped the distributions allowing for this to be double the amount it is 6. If MRC took cash instead of the opportunity to build their position that would certainly be a negative message for shareholders, as it's really a no brainer decision 7. It gives more likelihood that at some point the distribution goes back up as the big boys are going to want big pay Just thinking out loud cheers!