RE:RE:NCIB - Policy 5.6Shlinker_ wrote: DM won't be buying and cancelling any shares through this NCIB, I can almost guarantee it. Even if they do, it will have a negligible effect on the outstanding share balance and SP. They need every penny they have moving forward, and why cancel shares if you plan to dilute again at some point. To make matters worse, If they chose not to dilute through a financing, they will continually lack institutional support. SP under 1.00 on the TSX means no buying on the open market. GL.
Not sure how you can "almost guarantee it".....if forward revenue, even in the short term, seems pretty solid.......the share buyback (possibly up to 10%) will make a difference......and I'm not sure about your statement of needing every penny going forward.....I'm all for questioning management decisions, especially ones that don't seem to make a lot of sense.....the buyback does make sense