WELL Health Technologies Corp T.WELL

share buyback

[speedy99]

If Well does start a share buy back program following the release of 4th quarter earnings, as previously indicated, I wonder if that buying will have an impact on daily trading.  I think I remember reading somewhere that there are rules as to how the buybacks can occur;  maybe it has to be done in block trades or in a manner that will not disturb normal trading patterns.  Just a vague recollection of something like this.  But wondering if we could see some accelerated increase in share price and some possibility of a short squeeze if and when WELL starts buying back its own shares.

[monty613]

WELL currently has an open NCIB that expires in May 2022 - see details below. very likely that they will extend it and change the terms. At the opening of the stock market on today's date, the Company had 195,161,273 common shares issued and outstanding. Under the NCIB, the Company may acquire up to an aggregate of 4,879,031 common shares over the next 12-month period, representing

[HotDiggityDogg]

Is there a way of finding out exactly how many shares WELL has bought back during the 10 months  when this NCIB has been out in place ? my experience with my other stocks has been that NCIB is something companies put out just to give people the " feeling " that management is supporting the stock. NCIB is different than share buyback program that is currently being done by Oil

[bandit69]

You're exactly right.  I said this before here that's it's standard practice to apply for a NCIB for publicy traded co's.  Of course, I was labelled a basher.  I could have missed it but I didn't see where they specifically said they were going to do a buy back.  I'm sure someone will point it out though if that comment does exist. :)

[HotDiggityDogg]

Anyone who knows anything about public companies knows that NCIB is just a " story " given to shareholders to give them hope. If you look at the volume allowed under the program and check it vs. daily volume you will see that it would not many any difference at all. Also it would imply that the company literally has nothing better to do with its money in terms of an investment. Think

[monty613]

it's actually the same thing as a buy back or repurchase program. there's just different structures of buybacks and NCIBs. you'll sometimes see companies just saying "we're buying back X # of millions of share for $Y" and then shareholders can tender to it (or not). https://www.investopedia.com/terms/n/ncib.asp#:~:text=An%20NCIB%20is%20a%20stock,in%20advance%20by%20the

[HotDiggityDogg]

Ok. Does anyone know how many shares WELL has bought back since their issued their NCIB program?  I'm just wondering when this was deployed as the share prices went from 9$ to $3.80 during the time NCIB was effective. While I agree with WELL's decision not to buy its shares ( hope they have better ideas as to what to do with the money ) I'm very skeptical about this whole NCIB

[monty613]

in the previous link I shared it mentioned they did not exercise on their right to purchase under the NCIB in my view it was a manoeuver to put a floor on the stock after it got whacked with the short report which was released after the CRH acquisition WELL has better uses of their cash, IMO

[HotDiggityDogg]

Exactly as I said. We agree on NCIB being a spook story !  Cheers 

[speedy99]

Hotdog, well I guess I know nothing about public companies because I asked a question about NCIB.  It was simply a question, not an effort to "pump" as I am frequently accused of doing. I also question whether NCIB or buyback of shares, or whatever you want to call it, is the best use of extra cash.  I have said that in previous posts.  I note that WELL was not committing

[HotDiggityDogg]

Speedy i don't see you as a pumper at all nor have I ever called you one. You and Monty are both honest in my opinion. Perhaps too optimistic but as a shareholder I like that anyway. My issue with NCIB is as not related to you at all. I just know too many companies that use the term to get people to believe in miracles. Just like the Billionare shareholder story. None of this makes any

[Capharnaum]

While many shareholders dislike shorters, they do provide extra liquidity and better buying points. Sure, it's annoying to see your stock being sold at a discount (sometimes for quite a while), but eventually, the share price will recover and the shorts will cover.

[HotDiggityDogg]

Also ( speedy ) I sincerely believe you know a LOT about public companies; So much that one would think you're almost an insider. Except not high enough ( compared to the other insider on this chat board ) because every time the talk of selling the company comes up you don't like it. It's as though your stock options would not be worth much if CEO sold the company at 7-8$. Looool 

[speedy99]

Thanks Hotdog, with regard to selling of the company by CEO and the board, I acknowledge the possibility, and I might even have a brief adreneline rush in seeing it sold for much higher than current market values, but its not what I have in mind, and I do not believe our CEO has this in mind.  However, it has been said that he is a consolidator and the ultimate consolidation is to surrender

[bandit69]

Yes.  And it certainly would be beneficial to insiders with an almost 5MM exercisable options right now too if they do buy when their share price is rising while diluting....you....even more. LOL