RE:RE:It could be worseThank you @Investor10X for all great posts here on DM BB! I really appreciate your posts a lot!
Regarding your question for the share buyback, I would ask why did the crash it through the past support at $0.14? I don't get it. In these rate hike days, this support by their buy back would be very welcomed until we get listed on TSX and institutional investors byu in (hopefully!).
Investor10X wrote: korupsion wrote:
Chins up all longs, it could be worse. Look at what the new owners of 66.67 million shares have lost in three days. .03 x 66.67 = $2,000,000.
I would be some pi$$ed if i was them and knew that some group is manipulating this down with unregulated ease. But if they did their DD they would have known this appears to have been happening for over a year. Maybe with that many shares they can figure out a way to turn the tables on the players. Maybe a MM can be hired on their behalf. All JMHO
Yeah, you're certainly right there. The EV Connect people would have been better off getting the cash instead of the shares at this point. They knew the market was in turmoil when the deal was made, yet they still opted for the shares. So that makes me wonder if something else is at play here that either DM didn't count on or DM is unable to control or follow through wtih news releases that would at least maintain or increase the expected share price.
I certainly understand that a lower share price for the buy back benefits all shareholders in the long run. Short term pain for long term gain. The company saves more money and perhaps they do another buy back. However, if share buybacks are not going to make a difference in the share price then either hold onto the money or give a one time dividend. Then at least the retail investor immediately gets some sort of reward for supporting the company. I suppose it all depends on what is coming down the pipeline. Information they have and we don't.