OTCPK:INPCF - Post by User
Comment by
WheresMeGoldon Jun 03, 2019 11:45am
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Post# 29794087
RE:$15.000.000 buy back
RE:$15.000.000 buy backThis is an excellent move. Input currently has a book value of $97 million, $24 million of which is cash. The current book value per share is therefore $1.18 per share. So Input can afford this easily. Doing the math, if Input buys up $15 million in shares at 82 cents per share then the book value per share goes up to $1.29. If the $15 million buys up shares at 72 cents then the book value per share is raised to 1.34. So at the end the book value will rise to between $1.29 to $1.34 per share with plenty of dry powder to do it again and again in the coming months, taking the book value up even further. This assumes enough people are willing to sell enough shares. This is the kind of moves Ive been asking for. Kudos Input, I apologize for being so harsh last week. I hope the $15 million is used in full but Im holding my shares.