Astonishing. I have no idea how to make sense of this.
And I'm sad to say I don't even buy the possibility that our managament has been outsmarted. There are too many people involved who are savvy enough to know better - IBK for example.
What are the chances that the rumoured 10% reserved for the Canadian market isn't what prompted the very selloff that enabled them to buy back at such deeply sub-market prices?
Lest we forget that we don't yet know how many shares will make up that 10%!
What I'd would like to know is whether anyone on this board has been similarly screwed by another company or has been a passive witness to such a thing? I'd like to read about such an account so I can at least guess at the strategy here!
