Cash is going to shareholders not the company. I believe they decided a while back (when the stock was in the low 30's) that the best use of the company's cash was to buy back shares which they have not yet begun to do. I think they will have ample oppotunity to do so now until (and as long as) the overhang gets eaten away.

I am surprised by the strength, I would have thought the Bought Deal would have caused the stock to fall through the 50 day handily, still may happen.

Dead money for at least 3 weeks, maybe more.