RE:RE:RE:RE:Aimia videoNow if they had of addressed why they gave Paladin 5 million shares at near all time low share price of $2.50 as part of the termination agreement, knowing the PLM money was coming, and then announce a NCIB just two weeks later to buy back 7 million shares at what would or 'should' be a higher price than $2.50 given they told shareholders to reject $3.66, that would have been interesting. But I think everyone knows what the deal is there. What was the rush? Oh yeah....AGM coming up. Greasy.
Give away shares at $2.50 even though you say $3.66 undervalues the company. Uhuh. Then buy back shares above $2.50. Seems like a great way to unlock shareholder value to me!
The only good news is it sounds like they aren't planning on doing anything else stupid (acquistion wise) in the immediate future. Talk about setting a low bar.