True North Commercial REIT T.TNT.UN

RE:Drimmer

[flamingogold]

While I am in favour of the buybacks, unfortunately we will scrape bottom until the sentiment changes. Look to MRT.UN which I hold. It's still paying at 4.5% distribution (cut 50% twice already), has ownership of 95% between two billionaires. The buying continues but the available shares are like vapour. Despite all this, the stock languishes near all time lows. Shorts expect zero. The few remaining hang onto their shares awaiting rates to break lower and negative general market sentiment to flip to positive.

impega wrote: Looks like Drimmer is intent on buying 3500 shares a day. Add to it the 4200 daily share buyback by the company and one can see the share float getting tighter and tighter.