RE:RE:RE:more insider buyingtsoprano24 wrote: "The shorters are so brave"
Why do you think that is? I'm glad to see some insider buying but still don't understand why they can't use some of the millions in the vault to buyback some shares for the company. They should be printing cash at these prices so it is replaced. In the meantime we shareholders get an instant return on investment, less shares out and at a ridiculously low price. In theory. What am I missing? Why not screw up the shorts plan?
T
I've seen a lot of companies that are not focused on fighting shorts or taking big action to boost the share price. Sure they'll buy back stock if they see it is ridiculously cheap but mostly that's the only reason. When a company believes they have a good plan to grow, they focus on that only at that particular time.
Aris I don't know what the h is going on there. The sp is down because they are a 250k producer with over 300 million in debt at this point in time. Not a good position. And definitely not for buying back shares