RE:RE:Nuttals holdingsIf they end up debt free, a 100% possibility, getting close to half way through 4th quarter.
Why not buy back shares especially if under 90c or under $1.00
But, how many shares is a good amount? 100 million, 150 million?
You need enough for liquidity. BNE has that problem as it jumps in increments due
to lack of liquidity.
Say if you have dividends? I would only reinvest them back into the company. So I guess buying back shares is almost the say thing.
Now some people like dividends to spend but a penny stock?
They definitely need some growth, get up to 10,000 boe /d or more and grow gradually.
Bonus money right now is what this can be used for.