RE:RE:Share buy-backs3 board seats are private equity guys, they had to approve the elimination of the dividend. Birchhill holds 23%, have a cost base above $1.40, have been holding for years and need to monetize their investment at some point, so they are more than keen to see the share price go up. The share price hasn't gone anywhere in years, despite the dividend. TWM is not a utility, that's the point of this exercise, to show there is growth and that it's undervalued. NCIB is definitely the right strategy!