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John, If i have this right? Co.authorized up to $2MM worth of shares to be repurchased in the (open market)..FIRST ?, Was there any repurchases authorized in any years befor 1997, OR in 1998.? if Not the #s don't even come close!!!. ?#2 ACCOUNTS OF CERTAIN SHAREHOLDERS, the only time i have ever seen that term used was when the Co. bought back stock from insiders???...?#3, Does Canadian Acconting Standers permit losts taken from the highest price payed first or are the losses determined by timeing of purchase, and date sold???. I was going to ask you a # of ?s but you have the same ones that I have and by reading this (note) I could ask 10 ?s. As I said befor after working for 20+ years in this buess, I will never be able to understand Canadian Accounting Principles. The Co. claims they hold 3,109,471 shares in treasury, yet have sold some 10,000,000 in the last year NONE of which came from TREASURY STOCK..And if the LAW permits a Co. to sell from treasury by LEFO or FILO or the way I am reading this FISH ( first in stell here)there are some very big losts to come....and someone has to let us know if the buy back was from insiders...SORRY,there are just to dame meny ?s to be asked, with the information provided, and if this is the complete CANADIAN NOTE, no one should be buying this stock..... |
