TSXV:RHT.H - Post by User
Comment by
HobbyInvestor1on Jul 16, 2023 12:39pm
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Post# 35543210
RE:RE:RE:"Impressive Progress"
RE:RE:RE:"Impressive Progress"The reason I've mentioned the share buy back is because they would kill few birds with one stone. First of, the SP is now low and it would be a good deal to purchase at this price.
Second, that would increase their EPS and subsequently raise the SP.
Thirdly, it would boost investor's confidence in the company and might even propell the SP yo the point where the NASDAQ listing might become possible that would increase the SP even more.
So those could be the reasons why they would try to do it ASAP.
But I do agree that building a healthy cash balance first would make a good safe move to de-risk the business.