Q: PBH / NCIB
All they have done is reissue the NICB that recently expired.
I found this towards to bottom of the NR.
"The Corporation has in place a Normal Course Issuer Bid respecting each of the above-named securities, which was filed with The Toronto Stock Exchange on August 13, 2012 and which expired on August 14, 2013. The Corporation purchased $810,000 7% Convertible Debentures under and pursuant to the terms of such Normal Course Issuer Bid. No purchases of any other of the above-named securities have been made by the Corporation pursuant to such Normal Course Issuer Bid."
As you correctly pointed out Announcing an NCIB and executing it are two different things.
All they have done is reissue the NICB that recently expired.
I found this towards to bottom of the NR.
"The Corporation has in place a Normal Course Issuer Bid respecting each of the above-named securities, which was filed with The Toronto Stock Exchange on August 13, 2012 and which expired on August 14, 2013. The Corporation purchased $810,000 7% Convertible Debentures under and pursuant to the terms of such Normal Course Issuer Bid. No purchases of any other of the above-named securities have been made by the Corporation pursuant to such Normal Course Issuer Bid."
As you correctly pointed out Announcing an NCIB and executing it are two different things.