Half-witted A NCIB that can buy 8,000 shares a day is just silly.
The brilliant CEO/CFO/(whatever other title she has presented herself) is sitting on $9M+ of short-term investments. Pessimism has never been higher in this name. Any logical executive would announce a Substantial Issuer Bid (SIB) if they had ANY TRUST in the business prospects.
Throw half of the Short term investments at a SIB and you can eliminate a QUARTER of shares outstanding.