Example of REAL share supportNow don't you wish that mly wouldstop pretending and make an announcement backed by some REAL sharepurchase that would actually support the price to NAV?
CLARKE INC. ANNOUNCES SUBSTANTIAL ISSUER BID FOR ITS COMMON SHARES
Clarke Inc. has made a substantial issuer bid today pursuant to which the corporation will offer to purchase forcancellation up to 6.5 million of its outstanding common shares from shareholders at a price of $6.75 per commonshare. If more than 6.5 million common shares are tendered to the offer, thecorporation will purchase the common shares on a pro rata basis according tothe number of common shares deposited, or deemed to be deposited under theterms of the offer, by the depositing shareholders with fractions rounded downto the nearest whole common share. The offer is not conditional on any minimumnumber of common shares being deposited. The purchase of common shares will befinanced from existing cash.
As of June 3, 2008, there were 28,146,038 common shares outstanding and,accordingly, the offer is for up to approximately 23 per cent of the outstandingcommon shares. The offer is subject to various conditions typical oftransactions of this nature, including obtaining regulatory exemption rulings.It is anticipated that the offer to purchase and issuer bid circular and otherrelated documents, containing the terms of the offerand the instructions for tendering common shares, will be mailed toshareholders and filed with applicable securities regulators on or aboutJune 6, 2008. The offer will remain open for acceptance for at least 35 daysafter the date of commencement, unless withdrawn or extended by thecorporation.
https://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=Z-C:CKI-1501201&symbol=CKI&news_region=C