RE:Owners of GXE are for the long haulYOu are spinning. No one is buying is another way to look at it.
GXE is making money, no sane person can dispute that. But if your scenario is true then management purposefully tanked the stock by cutting is base dividend and thats fraud. So you are basically saying management are frauds.
lovehockey wrote: On a day like this there is only 1 million shares traded should tell you something. Majority of large shareholders are not day trading these shares, we only see a tiny portion of shares available for purchase. That explains why they had to stop the buyback - it drove the share price too high too quick. You can't even day trade this thing as you can't buy anything reasonable without dr8ving this stock 4-5%. I wonder if there is a plan to just go private as with 100 dollar oil this is just a money printing machine.