Post by
GoldBug024 on Sep 16, 2016 3:34pm
Could the insider buying be share buyback?
Read July 4 release below. So then the insiderbuying could be share buyback?
TORONTO, ONTARIO – July 4, 2016 –Merus Labs International Inc. (“Merus” or the “Company”) (TSX: MSL, NASDAQ: MSLI) is pleased to announce that it has made the first of its regularly scheduled quarterly principal repayments under its new credit facility and to provide a general business update. "The fundamentals of our business are continuing to perform as expected and support our ability to generate strong, predictable cash flow" said Barry Fishman, Chief Executive Officer. “Our healthy free cash flow provides the Company with several strategic choices - rapidly paying down debt, acquiring more assets, declaring dividends, and/or executing on our share-buyback plan”
Comment by
lscfa on Sep 16, 2016 3:42pm
Could very well be and they don't need to report to the 10th of the next month......
Comment by
peter75 on Sep 16, 2016 4:35pm
What would be the point in buying back shares when you should be paying down debt was my question to self This could be very smart, say that you bought the equivelant of 3 million dollars worth the shares at 1.25 for arguments sake management knows this is a triple in twelve months For 3 million you get 9 million to pay down on debt when you sell or perhaps I am way off
Comment by
lscfa on Sep 16, 2016 8:02pm
Actually the recent insider buying is under $1 million so I bet MSL is doing both, buying back shares and retiring debt......