RE:RE:Normal Course Issuer Bid This is very good news.
I suspect that alot of shareholders must have contacted PODA to lodge complaints on the manipulation being done to the stock price by the hedge fund.
Obviously PODA was not happy and hence they launch a share buyback program to indicate to shareholders that they heard you and will defend the stock price.
When you play Chess, the strategy is to win the game. You may sacrifice a few pawns in order to win the battle. The hedge fund sold some of its shares for two purposes: to lock in some profits and, also to cause stock price to drop down dramatically to a level where shareholders would panic and sell their stock into their hands giving them a chance to load up a 2nd time.
The plan backfired for the hedge fund because it got exposed. Their Anonymous labelling was not enough to hide their intentions. They were uncovered with the CSE filing that had to be done. The next filing is due on November 10th. We will see how many more shares they sold.
Unfortunately the stock market involves many dirty games designed to steal your shares from you. If you are alert you will unmask their intentions and will be able to defend your stock.
The Poda move will put a STOP to this manipulation.
This is my personal opinion of course of what has transpired.