GREY:DLTNF - Post by User
Comment by
Binkyman69on Nov 02, 2021 10:38pm
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Post# 34080419
RE:RE:RE:RE:News - DN Renews Right to Rebuy Shares and DBs
RE:RE:RE:RE:News - DN Renews Right to Rebuy Shares and DBsknights101 wrote: What does this mean----The Company sought approval of the NCIB because it believes that, from time to time, the market price of the Common Shares and Debentures may not fully reflect the value of the Common Shares and Debentures. The Company believes that, in such circumstances, the purchase of Common Shares and Debentures represents an accretive use of capital.
Dont worry you dont need to know what it means.. they wont be using it anyways.. was put out last year in an attempt to make it appear as if they were actively doing something to get SP up.. was just for optics though they didnt use it.. 0 $ of shares /debentures were re purchased.. Will be the same for this year 2.. margins are falling drastically. Industry avg price per gram sold is too low and government taxation is too high. Any weed company that doesn't have cash 2 survive until supply glut is resolved is in trouble. OGI somehow able 2 get 250 million deal from BAT but DN ( easily a better company) is going to default on 11m debentures mid 2022.. management should give their head a shake for the mess that this has become.