RE:RE:RE:What’s has Happened How did the company manage to drop it hard?
They do not control the share price. The share buy
back say at 20 bucks is worth what 17.6 million and the stock
lost 320 million in market cap today alone. Never mind last
week when it lost another 200 million or so.
Today's drop had nothing to do wih any NCIB imo.
They are just not making enough FCF with the debt they
are carrying and there may be something on the table
as far as share offering that some got a whiff of. Too much volume
traded to equate to anything to do with NCIB. If their offering was rejeted
today this may be plan B. Since their offer expired at 5 today and we
have no news it's reasonable to expect it was rejected.
Alexcanada wrote: simple explanation
drop it hard so they'll rebuy the 880.000 shares for less money
you knew that the markets were rigged, didn't you ?
I'm buying