First Nickel Inc. FNKLF

RE: share buy back

[dwothers]

Roberto, Do you have a link for the Michael Brush on MSN.com moneycentral, and the article you mention. I am in utter shock when I tear into the financial reports on many companies and it seems to me that investors are oblivious to bad share structure plans due to options. An unrelated company, in a completely different sector, that I did a write up on is IXYS. This company looks like a poster child for the garbage that the article you mentioned talks about, although it also has other problems imho. I'd really like to include that link on my post. Dratt, stockhouse it won't accept a link to my post. I'll try breaking it. makingsenseofmyworld. blogspot. com /2007/07/ixys-beginning-of-implosion.html I also did a short post that I link back to a story about Richistan. I think over the longer term what will be proven is these defective to investor share structures that create the "liquidity events" creating the "New Rich" are simply legal means to basically steal from investors and investors need to look for and pay attention to this because it is to their peril if they do not. I do not think that share buy backs are 100% a scam. Every once in a while I do think the market has negative sentiment for a company that is undervalued and in this case it can add value for investors. I've seen a few companies where share buy backs were happening when the company was 1/2 price or 1/3rd price. But something like BHP which is doing a share buy back now when the price is up about 400% is very bad for investors that stick around, imho.