AutoCanada Inc T.ACQ

Increase to SIB range...

[sunshine7]

"Shares will be purchased in the Offer to a price of not less than $25.00 and not more than $28.00 (the "Enhanced Range"). The Enhanced Range varies the original price range of the Offer of not less than $22.00 and not more than $25.00. "

This will be very supportive to SP IMO.

[OptsyEagle]

This is really getting annoying.   This rising stock price is making it quite difficult for ACQ to buyback $100M worth of stock.

[sunshine7]

problem solved! not to my liking but considering the good report it is a puzzle for sure.

[sunshine7]

On August 2, 2022, the Company announced an expiration date extension and a revised price range for the SIB. The SIB's price range was revised from $22 to $25 per share to $25 to $28 per share, and the expiration date was revised from August 4, 2022 to August 15, 2022. Maybe managed lower to collect max SIB? If so, then look for

[sunshine7]

Take a look at the effect an SIB that closed Jan 28 had on STLC share price. Price managed down to SIB and took off like a rocket immediately after. Look for something similar here starting this week IMHO providing markets are supportive.

[OptsyEagle]

Well, they got more shares then I thought they would so I am pretty happy with the result.   4.37% of the float is not bad.  They might as well put a pin in this for now and if investors decide to sell down the company for just a song and dance again perhaps they can come back to it.

[sunshine7]

SIB is an opportunity for larger shareholders to unload their shares without dropping the share price. Under limit is a sign of confidence that the SP will be higher in the future. Good omen IMHO.