Exro Technologies Inc T.EXRO

Time is coming for an NCIB

[tamaracktop]

The time is coming for the Company to consider an NCIB.

They have the cash to do it.

It could even be argued that they owe it to the buyers of the last financing. 

If a company files a normal course issuer bid, they aren't obligated to buy shares, it's just a procedural formality that allows them to buy shares in the open market should they choose to do so.

If they buy their own shares in the market without first filing an NCIB, they would be liable for charges of manipulating their own stock.

Remember the important part: They don't have to, but they could if they wanted to.

Personally, I don't see any downside to the move.

Even if they did go ahead and retire stock, they could just replace the funds spent by increasing the size of the next financing, which they've clearly signaled to the market is coming.

[u30822]

I mentioned buying stock a while back and some people on this board went nuts. They could use this tool to help support the share price and counter the shorts.

[Napcoo]

I participated the lending shares program in my margin account, exro shares have been borrowed constantly, in small scale and been returned same day. 

[TeamEddie]

with all due respect Sue literally just confirmed they will need to do a raise in the near future and you think an NCIB is going to happen?

[tamaracktop]

Yes, I'm well aware of that, which is why I addressed it in my post. "Even if they did go ahead and retire stock, they could just replace the funds spent by increasing the size of the next financing, which they've clearly signaled to the market is coming."

[Rokas92]

Sue mentioned something (during live event) that people who work at Exro are regular working class people, who cannot afford to buy shares. Wonder how common it is for public companies to allow workers buy shares the way you mentioned...

[TeamEddie]

Lol she did not say that  

[Konaboy]

Thanks for the theory lesson, now let's get practical.  Given your vast experience, I'm certain that you could provide just one example where a company tried to boost their stock price via NCIB when they were less than 3 months away from a large capital raise.  Just one.

[Pandora]

I can't count how many different company shares I have owned where the company did an NCIB and I actually never noticed it made any difference whatsoever to share action or evaluation. It was something that just went on in the background and meant no never mind to share price, in my perspective -- IMHO. Maybe some astute chart guy could see some minor technical data point but as an amateur

[Danno13]

When they file for an NCIB how long is it good for a year or more.?