GREY:VAALF - Post by User
Post by
NORSASKon Jan 31, 2008 12:24pm
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Post# 14297094
Gnobrainer
GnobrainerHi Gnobrainer,
Were you expecting this buyback???
Excerpt i liked from today's release is:
"Vaaldiam believes that its common shares have been trading in a price range which does not adequately reflect the value of such shares in relation to the business of Vaaldiam and its future business prospects. As a result, depending upon future price movements and other factors, Vaaldiam believes that its outstanding common shares may represent an attractive investment to Vaaldiam. Furthermore, the purchases are expected to benefit all persons who continue to hold common shares by increasing their equity interest in Vaaldiam. "
Interestingly, today, it continues -there is more down pressure than up.