Mar. 23 at 3:44 PM
$GKPRF ....--- GKPRF BUYBACK CLARITY---
Some might be confused about how Gatekeeper’s buyback works, so here’s the simple version:
• Gatekeeper has an approved CAD
$2M share repurchase program (NCIB).
• Important: An authorization is not the same as spending.
• Until the company actually buys shares, nothing shows up on the balance sheet.
• No cash is set aside, no liability is created, and no equity changes.
• It’s basically a permission slip, not a transaction.
• As of the latest filings, Gatekeeper has not used any of the CAD
$2M yet.
• The full amount is still available for future buybacks if/when management decides the valuation is attractive.
Bottom line:
The buyback exists, it’s active, but no shares have been repurchased yet, which is why you don’t see anything reflected in the financials.