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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks

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Clark Kent

To: Acton who wrote (48451)	5/16/2018 6:54:09 PM
From: Lessthaniv	1 Recommendation Read Replies (1) of 49402

RE: TNA Hi Acton, I think your opinion is shared by many posters in the online TNA community. Quite frankly, I don't get it. I believe it comes from a place of impatience. Investors seem to be stock price focused more so than business minded. I'm opposed to this line of thinking, in general. I'm more business minded believing that a well operated business will eventually be identified by investors over time and rewarded for their consistent levels of out-performance. It seems to me the idea of spending shareholder money to pump up the stock is a bigger benefit to short term traders than to the long term business owners especially for companies that don't intend to finance themselves through share issuance or use their stock in acquisitions or mergers. TNA isn't in need of raising capital through a share issuance nor do I believe they are considering stock based acquisitions at the moment. In fact they seem to be in the exact opposite position. They are spinning free cash flow that will eventually need to find a home. Perhaps through dividends or *through share buybacks with cancellations.* Why then would a company pay a significant fee to a shareholder relations firm to prop up their share price when they are spinning free cash and can do buybacks on the cheap as it stands? Spending shareholder money to inflate the stock so the company can then pay a higher price on their future buybacks makes no sense. None at all. If TNA were to announce a NCIB tomorrow morning and then begins to acquire their own stock and cancel it out the company and its owners will be way further ahead and given the tight float the share price will no doubt inflate quickly.

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