Time is coming for an NCIBThe time is coming for the Company to consider an NCIB.
They have the cash to do it.
It could even be argued that they owe it to the buyers of the last financing.
If a company files a normal course issuer bid, they aren't obligated to buy shares, it's just a procedural formality that allows them to buy shares in the open market should they choose to do so.
If they buy their own shares in the market without first filing an NCIB, they would be liable for charges of manipulating their own stock.
Remember the important part: They don't have to, but they could if they wanted to.
Personally, I don't see any downside to the move.
Even if they did go ahead and retire stock, they could just replace the funds spent by increasing the size of the next financing, which they've clearly signaled to the market is coming.