SSC Security Services Corp Ordinary Shares V.INP

Share buybacks are a disaster for long stockholders

[Bywrong]

Old topic revisited...certainly works for shorters here. Set-up - mngmnt borrowed $$$ to buy a bunch of shares a Fund wanted to liquidate ( good confidence move). SP drifts a bit....down...then mngmnt discloses a share buyback. Wonder why...usually it's to get Options into the coin. Even a blind man could see how that would play out. And so it has. Nice to see mngmnt with "skin in the game" but when they also control and ...my opinion..manipulate the levers...the optics are horrible and SP suffers. At least...if they had increased the dividend....ALL SHAREHOLDERS would of gotten something...not just the shorters. JMHO