OTCPK:MEAOD - Post by User
Comment by
tsoprano1on Sep 26, 2015 11:16am
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Post# 24138028
RE:RE:RE:Why Not Both ...
RE:RE:RE:Why Not Both ...The purpose of a buyback is to sop up cheap stock. It is not a good deal once price approaches book value. All LiTe and I are saying is buying down here adds value instantly since you are getting .15 for .05. It stops the games being played to keep price down. It sends the message that management thinks we are grossly underpriced. Maybe they think this is a good price, who knows? But, months ago we did a PP at a low price that diluted us. Here is a chance to get some of those shares back.if price gets to a dime divert cash towards drilling, the mill, acquisitions, whatever. I don't want Sandstorm coming in with a deal based on a nickel stock. We need someone, be it the company or new shareholders, to get rid of this insidious overhang. Or else we will be doing this same song and dance for months and months. I think we deserve to be higher and a little push from company can't hurt.
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