RE:NCIBHere's a thought . Market cap of 56 million with a strong working capital position of $40.6 million at September 30, 2020, including a cash balance of $33.2 million , maybe there is not a very active NCIB because 2 of the 6 directors are not in favour of it.
Maybe Cyrus Capital Partners would like to privatize the company and then sell the company using very little of their own money? They seem to have been involved with the company since 2011 or earlier.
Just a thought? Could be wrong after all possibleidiot01.
Ember Shmitt
Director
Mrs. Shmitt is currently the Director of Investor Relations at Cyrus Capital Partners, which is a New York based SEC registered investment adviser and currently holds, on behalf of the funds it manages, approximately 42% of High Arctic’s outstanding shares.
Daniel Bordessa
Director
Mr. Bordessa is a member of High Arctic’s Board of Directors, and has also held the position of Managing Director and Partner, Cyrus Capital since March 2005.