Post by
swyint123888 on Aug 30, 2021 1:14pm
Buyback Theory
So today's kick is that they may buy back if it's what's needed to uplist.
Buying back is a huge signle to the market in many ways one of which is the company belives in itself along with it's futue.
In theory this should drive the price up, they have been thinking about it for 6 months too.
Wonder what the institutions think abut this or better yet all those potential buyout offers, gonna maybe have to pay much more if the flavor of the day actually gets into gear.....not making any sense to me but anyways today they brought in what matters.....more revenue so I'll focus on that
Comment by
GoldenArm on Aug 30, 2021 1:18pm
Get out while you can is what I say. Look where Andrew Ryu is now, SCRN, doing the exact same thing as he did at DM. Even the press releases sound the same.
Comment by
Resilience19 on Aug 30, 2021 5:10pm
Who says they haven't already been accumulating, on the open market, for weeks or months. If they're confident about getting massive contracts, in a relatively near future, that strategy would make good sense - perhaps a suggestion made by some of the institutional investors met in the past weeks...
Comment by
swyint123888 on Aug 30, 2021 5:21pm
Then our CEO lied right to your face today on discord, only mentioned they have been thinking about it......I don't think he lied so that is why I know they are not buying back.....or he lied today....take your pick
Comment by
swyint123888 on Aug 30, 2021 5:27pm
Also we would see the float shrink over time due to this, our float hasn't changede but sure it might I guess Shares that have bought back can be retired, or nullified—unable to be re-issued or transferred. Securities that have been retired, or canceled, must be clearly marked with the word "canceled."
Comment by
Maxdude on Aug 30, 2021 5:35pm
They will have to put a news release that it's their intention to buy back shares....haven't seen any. So, it my assumption they haven't started as it....even if that's the plan.