As leadership believes the company’s current valuation is not reflective of its market performance, Tokens.com (NEO: COIN) will be buying 4.1% of the current public float.
“Our shares have been impacted by depressed crypto prices, and macroeconomic events and headlines, that are not linked to the performance of our businesses. Although our three business segments have positive revenue growth, this has not materialized into market recognition of the value within the Company,” said Andrew Kiguel, CEO of Tokens.com. “Tokens.com remains viable, well capitalized, and committed to growing its web3 businesses. Management does not believe that our shares currently reflect the value of the Company."
In my opinion, this is a very strong move and shows that this company is confident in its output and growth potential.
COIN.n is currently trading at $.18, valued at $17.63 million.
https://ceo.ca/@globenewswire/boardwalk-hydrogeology-capable-of-long-term-consistent