RE:RE:NCIB - Class A so Acumen are still in for their 2,000 or so a day.
Frankly i think debt reduction might be wiser as it is a permanent use of $ whereas a market tank would take all ships lower and voila, they will have flushed more cash down a whole than required.
Puma1back wrote: Well acumen - a house i have never heard from before, was in buying 2,000 a day each day so far this month.
in August they started buying on the 13th mostly in that 2,000 range but interestingly 5,800 on the 14th.
given that cap you mention it would seem safe to assume they are using this house for the last 2 months with a total of about 47,000 shares at about $3.85 or so.
a different issue - on the 6th of September they also bought an additional 30,000 when someone at BMO was unloading this month. Given it's the same boutique house you have to wonder if the 30,000 was from a family or insider?
The bmo selling was a good opportunity to get some volume and i increased to my initial target with those cheap $3.80 shares.
final point, no sales at all by acumen in the 2 months
Jonathan9 wrote: Looks like they are repurchasing shares. Started August 13th. Buying back a few thousand shares each day up to end of August. Daily limit of 5833 shares to max 1 million yearly limit.
Looks like 35,300 shares repurchased in August. My guess is it has continued in September.
Small value, but overall I would view this as a positive.
They are buying back stock at these levels.