GREY:NWMMF - Post by User
Comment by
zzthnxon Apr 23, 2013 9:50pm
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Post# 21293031
RE: Share Buy Back - Time is now!
RE: Share Buy Back - Time is now! Slick, at first glance that sounds like a great idea. The problem though is that as they started putting in bids for millions of shares the stock price would rise and continue to rise. Probably by the time they had purchased 50 million shares, the price would be back up close to 10 cents. I do agree though, that using some earnings toward a share buyback would be an excellent idea. Maybe take 500k and see how many shares they can retire. Cheers, zz