RE:RE:Buyback!Ok all kidding aside.
It is a good sign that they bought back the max allowed in a month/week after the bump in share price.
Under TSX rules, a maximum of 60,582 Common Shares may be purchased under the NCIB in any one day, representing 25% of the average daily trading volume of the Common Shares on the TSX for the six months ended May 31, 2024 of 242,331 Common Shares. Paramount may also make one block purchase per calendar week which exceeds the daily purchase restriction, subject to the rules of the TSX.
I am not sure if it is a third party buying the shares back during some kind of black out period imposed by the asset sale but I see no mention that they have any such contingency in place and I 'am not sure if they are subject to any such black out period or if it had already expired when they bought.
If they are not. Why not buy all they can?
GL Fellow Investors