Knight Therapeutics Inc T.GUD

Nice buy-backs !!!!

[MrMugsy]

Filed 2022-05-10 17:02   Tx date 2022-04-30

$GUD Knight Therapeutics Inc.

Knight Therapeutics Inc. 1 - Issuer Direct Ownership

Common Shares 38 - Redemption, retraction, cancellation, repurchase

-1,256,400 vol

[EbbFlow88]

The volume has been good the last couple days. I'm sure they've been buying even more. Excited for earnings this week!

[gudisgood]

We're steady approaching 115 million outstanding shares. If the shares are undervalued -- which I certainly believe them to be, and Goodman/Samira seem to agree -- they keep adding value to shareholders (potentially significant value!) with this extremely simple action. At the same time, I do hope they find other productive uses for the money soon. Whenever they spend on money share buybacks,

[MrMugsy]

Exactly - buybacks are the quickest and easiest way for them to help shareholders right now - to prepare for the time when shareholders find Knight in favor. They do have expectations to use the shelf prospectus but only if it's at higher valuation than the last deal.  No green light to use the shelf prospectus unless we're above the $12-$15 range (IMO). Focus is likely on selling

[EbbFlow88]

I agree. Although these purchases can be mostly funded through cash from ops or divesting from some loans or funds. If they believe the stock will be $7-8 in a year than hard to beat that easy 40% 12 month return. Especially when they can manage both. 

[Chianchin]

I see that bla bla bablers are having an un-opposed field days puping a losing game.  Ha...cr ap..I forgot it is mr mugsy talking with his other aliasess