RE:RE:RE:RE:What do you think about ...Aiking wrote: Thank you @Investor10X for your thoughts about an other buyback. I think it would be good to announce an other NCIB to support the share price until we start an upwards trend. I mean below our $0.10 support are there is close to none support. If the next overall stock market crash occurs, could be anytime, this could crash DM stock too. And having another NCIB around would be a grea safety to prevent this. Also management always told about the importance of shareholder value. I would say, this would say, a NCIB would be also a sign of protecting their shareholders.
I guess the question is, would the company use it to prevent any further downward pressure in the stock if the market were to tumble some more or use that opportunity to buy back shares at an extremely cheap price. I know the lower prices are painful for shareholders, but it is better for the company to buy back those shares at the cheapest price. Short term pain for long term gain.
By law a company can't use a buy back to manipulate the stock price, but I would think that's quite hard to prove when a company is buying back shares at various prices. After all, DM started their buyback at much higher prices so if the company decided to buy whatever the amount of the remaining shares are and drive the price up it shouldn't look odd to the exchange, as those buys would fall in the range of previous buys.
Other than the typical bashers that we see on these boards the vast majority of the investors in this stock are extremely optimistic about this company's future and where the stock price will eventually be.