Greencastle (TSXV: VGN) gained by 9.52% today to $0.115 per share!
VGN has secretly bought back 2.44 million shares over the last ten months but hasn't cancelled them yet. They only cancel their share buybacks once per year all at once.
When VGN cancels these 2.44 million recently repurchased shares, its shares outstanding will decrease to 36.32 million. This means VGN will have a market cap here at $0.115 per share of only CAD$4.177 million!
VGN's 10 million shares of Deveron (TSXV: FARM) are currently worth CAD$5.4 million! FARM is one of the world's fastest growing agricultural technology companies!
As of June 30th, VGN had total cash and short-term investments of CAD$10.01 million!
CAD$10.01 million / 36.32 million shares outstanding after they cancel the 2.44 million recently repurchased shares = $0.2756 per share.
VGN is currently only $0.115 per share!
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