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Bullboard - Stock Discussion Forum GRAND POWER LOGISTICS GROUP INC. V.GPW

"Grand Power Logistics Group Inc through its subsidiary provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services."

TSXV:GPW - Post Discussion

GRAND POWER LOGISTICS GROUP INC. > Thin L2 and stock buyback
View:
Post by moneymaker75 on Dec 30, 2014 11:33am

Thin L2 and stock buyback

Looks like with this volume the company has started to implement the stock buyback. Look at the level 2. Only 130K shares left to 18 cents while 1.75M on the bid! Setting up for a huge run with 3.77M shares to be repurchased.

Delayed Market Depth By Price Summary

Last Market by Price Update: 30 Dec 2014 11:14 ET

Instrument Name: Grand Power Logistics Group Inc. Symbol: GPW

The market data displayed is provided on a 15-minute delayed basis and we do not guarantee its accuracy or completeness. Please refer to the date/time stamp above to obtain the age of the data in this table.

Orders Volume Price Range
35 1,755,000 0.01500-0.03500
Price Range Volume Orders
0.04500-0.18000 130,000 8
Comment by JR12 on Dec 30, 2014 12:23pm
This post has been removed in accordance with Community Policy
Comment by moneymaker75 on Dec 30, 2014 12:36pm
JR, years of trading TSXV junk must have really screwed up your investment biases. Just because a company has debt doesn't mean it's bad. GPW's debt is at a really low rate and the bulk of it is accounts recievable factoring. They are nowhere near any default on it. A profitable company should have debt and a profitable company with a low stock price should be buying back stock over ...more  
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