Generative AI Solutions Corp C.AICO

Normal Course Issuer Bid

[Betteryear2]

VANCOUVER, BC, Oct. 29, 2021 /PRNewswire/ - PODA HOLDINGS, INC. ("Poda" or the "Company") (CSE: PODA) (FSE: 99L) (OTC: PODAF) is pleased to announce its intention to initiate a normal course issuer bid (the "NCIB") with respect to its outstanding subordinated voting shares (the "Subordinate Voting Shares") through the facilities of the Canadian Securities Exchange (the "CSE").

Under the terms of the NCIB, the Company may purchase up to 2,787,361 Subordinate Voting Shares, representing 5% of the issued and outstanding shares of that class as of the date of this news release, through the facilities of the CSE. The NICB will commence on November 4th, 2021, (the "Commencement Date") and may extend for a period of up to 12 months from the Commencement Date.

"Poda is focused on the commercialization of our proprietary closed-ended pods, and we are well-capitalized to execute on our critical business objectives. We also recognize that this is a pivotal inflection point for the Company and an attractive investment," said Ryan Selby, CEO of Poda Holdings, Inc. "Poda's NCIB is a clear indicator to shareholders regarding our financial health and our confidence in the Company and its near-term commercial goals."

The actual number of Subordinate Voting Shares purchased under the NCIB, the timing of the purchases, and the price per share will depend on market conditions and shall be in compliance with CSE policy and National Instrument 62-104. All purchases by the Company under the NCIB will be made through Haywood Securities Inc., as broker dealer of the Company, and all Subordinate Voting Shares purchased under the NCIB will be cancelled.

The Company anticipates that the NCIB will help align the market price of the Subordinate Voting Shares with the underlying value of the Company. The Board of Directors believes that the NCIB is in the best interests of the Company and represents an appropriate use of corporate funds to enhance value and liquidity for its shareholders.

Poda Holdings, Inc.

Toll-free North America: +1-833-TRY-PODA (879-7632)
Outside North America: +1-406-TRY-PODA (879-7632)
[e-mail]
www.poda-holdings.com

https://www.prnewswire.com/news-releases/poda-announces-normal-course-issuer-bid-to-purchase-up-to-2-787-361-subordinated-voting-shares-301412309.html

[podatlis1]

show me the money..

[podatlis1]

DEEPOIL..PLEASE TELL US WHAT THIS ALL MEANS FOR US..

[deepoil0808]

This is very good news. I suspect that alot of shareholders must have contacted PODA to lodge complaints on the manipulation being done to the stock price by the hedge fund. Obviously PODA was not happy and hence they launch a share buyback program to indicate to shareholders that they heard you and will defend the stock price.  When you play Chess, the strategy is to win the game.  &

[podatlis1]

hey deepoil you called it couple days back..what kind of price jump per share, you think will happen here..thanks again 

[podatlis1]

is this the beginning of the meme? 

[podatlis1]

 hedge fund asscracks...

[Adwari]

A normal-course issuer bid is a Canadian term for a public company's repurchase of its own stock in order to cancel it. A company is allowed to repurchase between 5% and 10% of its shares depending on how the transaction is conducted. /////////// Therefore, the PODA news release should be considered good news.

[Adwari]

An NCIB is launched when a company's executives believe its stock is undervalued in the market. ... Through a normal-course issuer bid, a company can take advantage of what it sees as a discount on the stock's current price. copied!

[macdaddio007]

Also it was really the only recourse the company had to show it investors its displeasure with the way the hedge fund has been minipulating the stock price!

[podatlis1]

i wonder how much it could boost the stock price up to..