Kidoz Inc. (TSX-V:KIDZ) CEO Jason Williams tells Proactive's Stephen Gunnion that plans to acquire up to 5% of its issued and outstanding shares on the TSX Venture Exchange through a normal course issuer bid represent a strategic use of its available capital due to the substantial discount its stock trades at relative to the company's net asset value.
"We wanted to put this mechanism in place because, as I've said and as our investors have seen, Kidoz is on a great performance record," Williams said. "We've been hitting all of our numbers; we've been growing really fast and yet the stock has declined."
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