Post by
fossi_2002 on Nov 02, 2023 11:48am
Confidence in your own strength?
If Ceapro is confident in both its underlying business and its pipeline, a buyback program of its own stock would be the best investment!
Proposal:
Buyback of own shares in the amount of 5% spread over 5 years.
Calculation:
78.2 mill. shares = 5% = 3.9 mill. shares
for 1 year 780000 shares x .35c = 275000$
This is only a small amount and is easily manageable for Ceapro.
Although Ceapro would only buy just over 3000 shares per trading day, the announcement is likely to be very well received by the stock market and shareholders.
- and Gilles' argument that it is better to invest in its pipeline does not hold water in this case.