MAJOR problem with Q2 resultsAs others are pointing out - the NCIB was washed away (and more) by share-based compensation to senior management and executives. Here are the numbers:
-Net shares (NCIB - exercised options) INCREASED by 5.59 million shares from end Q1 to end Q2
-An ADDITIONAL 30.16 million share options have been issued at various exercise prices in Q2 alone for executive compensation.
The NCIB is the water hose going into the bucket, the share options are the holes in said bucket.
You can bet Eric is none to happy about this!
ATH is a great company and a major cash generating machine, but as you can see, most of that cash is going into executive's pockets. The increases number of shares outstanding will put a ceiling on this share price, unfortunately.