RE:RE:RE:just wondering,, Thanks for the numbers, Raps! the other key piece is "where does the money come from to repurchase?" As the following states:
"A stock buyback, also known as a share repurchase, occurs when
a company buys back its shares from the marketplace with its accumulated cash." While certain individuals within SCRN management have accumulated cash
the company itself, based on the financials, would have only the profits from Q2 to repurchase outstanding shares ...clearly not enough to make a difference and not something a company that is just starting would typically have the means to do.
This does not imply that SCRN management and other insiders couldn't purchase shares ...but buying on the open market as opposed to a repurchase in the midst of manipulation would be no less risky for them than it has been and is for retail investors. In fact the whole point of a repurchase is to reduce the number of outstanding shares to ignite an upward movement in the sp by reducing overall "supply" ...instead of going the route of a reverse stock split ...which rarely works out for retail investors as they hold a fraction of the shares they once owned.
Thanks again!!!
RapsAlot wrote: Each day of purchase must also be under 20% of daily average volume.