VIRGINIA HILLS OIL CORP VFGGF

RE:Q3

[inviolablspirit]

So in a past news release the company mentioned buying back about 10% of the stock, which would equal about 21 million shares.  After buying back 500 000 shares the company stopped the buy back and has no plans to buy back anymore at this time.   However, over the last few months the management has bought quite a few shares for themselves.  Is it possible, and I'm only speculating, that there may be a buy out being negotiated and that's why the managment has loaded up on shares.  Afterall the buy out would occur at a much lower price than the last one that fell through and to make up for the money management lost out on at the higher price could be the reason for the buying spree over the last few months.  And if managment was negotiating a buy out, then there would be no point buying back the rest of those shares, which could be the reason they stopped after the first 500 000 shares.   Of course the answer could be much simplier than that as management could have simply felt that the buy back was not the best use of the cash they have on hand and having that cash on hand along with the higher oil prices over the last quarter should make for an impressive Q3 report.  Any comments are welcome as to what may be occuring or what we may expect for Q3.