RE:RE:RE:NCIB almost complete????Is it not just shocking and astounding that they can find sellers of blocks of 2.5MM and 2.9MM at such a low price?
Seriously amazing value for the corporation, but it makes you go hmmmmm .....
babedinkleman wrote: Can they actually re-authorize another NCIB if the first one is complete prior to the end date? I figured there were exchange rules limiting the percentages that can be repurchased and cancelled under this method per 12 month period and that's why they are always structured the way they are.
SIB sounds like another feasilbe route though.....but at what price? Interesting to see AutoCanada tried this route back in June at or around the then trading price and was forced to later raise the range of the offer.....and even then only 30% of the total offer was taken up and tendered to at the top end of the increased range.
I'm guessing if Amia tried this at anything under $5 they'd have similar results......and I doubt they'd be willing to go that high.