Bewhere Holdings Inc V.BEW

Management creditability at stake

[hrgoyal]

Management bring NCIB and buy some 55K shares in June & 230K in July and then abruptly stopped. Management can buy arond 4M shares and has cash to buy. As per 22Q1 Financial report company has bought GIC for $1M at 0.65% annual interest rate. Is this the way management want to use cash?

Does management think its shares are price adequetly at 22c (Bid on Sept 21, at 1.35 is fro 20.5c only)?

[CamelHurder]

bet the insiders are slowly accumulating shares, and the company sells shares to pay the 10 employees... thats my bet, and am sticking to it

[hrgoyal]

Any insider's buying will b reported & there is no reporting. I don't know what you mean by " company sells shares to pay the 10 employees"  Most of the existing share holders are in holding mode. Very thin trading   

[kulewater]

17 Employees No dilution to pay employees, not sure where you would get this idea from. And insiders may be buying but they and the material holders (+10%) would need to disclose any transactions. BEW in a blackout period ahead of earnings in Mid-November. Things look good..

[hrgoyal]

You are not commenting on NCIB. Do you know why company stopped buying under NCIB only after buying 285K? No buying in August, Sept. & Oct (so far). This is where creditability comes. Why bring NCIB if no intention to buy? Management should tell what is best utilization of cash? You can't buy another company in 3-5 M. With stock price at low 20s, any new raise will b at 15c or so. 

[hrgoyal]

By the Way, CEO told me at 2020 AGM that company has only 11 employees. If company has 17 employees now, that is 50% + increase