GREY:PGDIF - Post by User
Comment by
oiltaron Jul 29, 2015 8:00am
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Post# 23970594
RE:RE:RE:RE:RE:WillP
RE:RE:RE:RE:RE:WillPMoney in the bank?I know what I would do with it.I would keep just enough of it to reach the conclusion on the CH-7 results.Robert says the shares of PGD are undervalued.So then take that money and buy back undervalued shares to reduce the float now before they increase in value.Then post the CH-7 results to boost the share price.Then re-Issue the bought back shares at higher
prices than PGD paid for them to fund the PEA.Any other use of the money will not produce any market moving share price news as the CH-7 is already in the can.
But buying back $1 shares for 19 cents will give a mich higher funding share price to fund the PEA rather than letting it sit in the bank.We should all email PGD to do a buy back now while the share price is in the tank.