With a professional day Trader Eric Nuttal nine point partners following you stock, the share buyback is a Guarantee for him, to make money.
- The NCIB starts, Eric pumps the stock and makes it a number 1 pick, and sells into the market.
- Eric talks to management and they ensure him that they will put a NCIB in place and buy back stock.
- Eric makes sure his position is in place before management start buying stock.
- The shareholder of ARC are handing their Capital over and once the pump and dump is done Eric Nuttal leaves and ditches the company.
- This is a repeat performance for Eric Nuttal.
The NCIB runs it course and the small bump is share falls back, when the market returns to normal and measures the stock based on management performance (Bad for Arx)
Ninepoint partners takes advantage and sells their stock in active NICB.
ARC management gets the pump from Nine Points and ARX shareholders have paid for it.
The shareholders play for this game, they pay nine points for the price appreciation, and the buyback only help the professional traders.
Real companies will not work with Eric, and Ninepoint, and that is why he doesn't like TOU or POU they just don't play the stock promotor game. Eric admited he did the flip on suncor when he got wind of great earnings and a divend increase.
Then when he is done he move onto another company to exploit, and thows ATH under the bus when he has sold all his position.
I don't trust Eric at all.
IMHO