Apr. 9 at 12:30 PM
$WRD are the four buybacks to date wasted money?
WasTony under a lot of pressure from the Board and Institutional owners to stop the bleeding so they did the buybacks? I wonder.
Two buybacks on NASDAQ valued at
$1.65MM USD and two other buybacks on HK valued at
$24MM USD. The combined buybacks are valued at
$25.7MM.
Repurchases are in USD:
March 24 (HK)
$477K
March 25 (Nasdaq)
$766K
March 30 (HK)
$23,280,00
April 7 (NASDAQ)
$1,185,400
About 10.7MM Class A shares were removed.
Would
$25MM be better spent on getting vans, buses and taxis on the roads in the 12 countries they have permits/licenses to be in, serving 1.99Billion people?
Would
$25MM be better spent getting WePilot adopted to major OEM.
Would
$25MM be better spent hiring a world class SVP of sales and getting his/her sales team hired to replace head of International?
Buybacks should happen from FCF not IPO funds. I want Tony to explain this.