Knight Therapeutics Inc T.GUD

792,000 shares traded today

[GoldenInvestor]

With NCIB , that shows great interest BECAUSE the company may purchase up to a maximum of 80,015 shares per day!

therefore, approximately 710,015 buys and interest came from other places!

as total shares today traded was 792, 331.

[EbbFlow88]

I'm curious if anyone knows or remembers if Paladin bought shares as Knight is doing now? Over those ~19 years what did the share count look like?

[EbbFlow88]

Answering my own question, I found this from an article and confirmed it by looking through annual reports from Paladin on Sedar. They also bought back shares in 2012.  In 2007 and 2008, Goodman bought back 7% of its float. That isn’t a huge buyback effort, but keep in mind the environment he was doing that in – there were all sorts of options for a well capitalized company to buy at that

[MrMugsy]

Hello EbbFlow. You likely weren't here when we had that exact same discussion back a year or two. I was at the 2019 AGM and I asked Samira/Jonathan the same question after the meeting ... if they were using the buyback as much in Paladin's days (I just couldn't remember exactly how much it was used back then). Without hesitation, they both agreed that the same tool was used and they

[EbbFlow88]

Thanks for the info mugsy.  Now we have our platform and it's time to grow. Skimming through the annual reports for PLB, you can clearly see stepwise growth over its lifetime. I think this team can do it again.  Once they streamline costs and get new products to market it will be great to see consistent cash flow from operations and not rely on their investments for cash generation