RE:RE:Makes no sensenedstar71 wrote: filoux004 wrote: Jmho this mkt cap is totally disconnected from the fins. Makes no sense 120M cash, 59% Gmargins, etc etc. Long strong and adding . Glta DD at 5x trailing eps this sp should be 6$ plus. The stock is trading at cash value!!!
It's really ashame they have left the stock to languish on the venture as long as they have. Uplist, an NCIB where they actually purchase shares etc. The market has abandoned it and with so many stocks out there setting tbe world on fire it's difficult to justify parking much of anything in this underperforming and illiquid disappointment. The company is fine, the stock is a disaster.
Buyback is happening as per this quote from the MD&A
In connection with the NCIB, the Company entered into an automatic share purchase plan (“ASPP”) with a designated broker to facilitate the purchase of Shares under the NCIB during times when the Company would ordinarily not be permitted to purchase Shares during self-imposed blackout periods. As at August 3, 2024, a financial liability representing the maximum value of Shares authorized to be repurchased under the ASPP in connection with the NCIB of $2.2 million was recognized in trade and other payables. Subsequent to August 3, 2024, under the terms and conditions of the NCIB, the Company purchased for cancellation 91,100 Shares for an aggregate cash consideration of $0.2 million.