Post by
power_auditor on Jan 02, 2015 9:41am
128,076,720 shrs reduced by appx.~176,500
as of Dec.31/14. Total costs appx.~$62,664.00......these figures should not be taken as being precise but just a rough cut....the Sedar report will confirm the numbers.
For those who like numbers....it is just... 0.137% of the s/o.....still have 12,284,189 shrs to buy.
Comment by
lantren on Jan 02, 2015 5:02pm
I wonder if they stopped buying , that is a surprisingly small amount given the low low price per share . Not much room on credit facility , very little cash on hand, and great uncertainty regarding furture oil /ng price might have made them stop the buyback ? body{zoom:175%!important;}
Comment by
darkstream on Jan 02, 2015 6:02pm
-only 66,000 shares traded today -no point in buying back and driving up price and have someone short it back down -think right now their support price is .33 -they probably would jump in to try to stop it from falling below that until things get better -as long as volumes don't get too crazy they can at least support current price with timed buybacks