NCIB I posted it earlier & I will say again that unless company buyback shares under NCIB aggressively, stock price and/or volume will not move up.
When I asked question on NCIB buyback during recent webinar, CEO told that BeWhere is very strategic in buying back. I don't understand. Company bought some 280K shares in June & July at about 0.24-0.245 & some 30K in Oct at 0.23. So what is the strategy here?
BeWhere has enough cash. First BeWhere put 1M in GIC at 0.45% interest & now at 2.45%. Per annum rate
As on today 14 months are left before 10M warrant exchangble at 0.35 expire. If company buys aggressively, price may move up & these warrant May b in money & company can get back $3.5M in warrant sale. It will b a win win situation. Buy shares now below 0.35 & sell shares at 0.35 later.
if not, warrant will expire & any future raise will b at much lower price.