RE:RE:New Press Release yp01048 wrote: Wouldn't the 5k a month be better spent on buying back the shares? What a waste of money. Consistently buying back the shares would probably do far better than whatever this is if they truely believe they are undervalued.
I don't know. After 12 years invested in this company, even though I sold my shares.. I feel like this will always be a failure. Maybe a total new management team can shake things up. This is by far the worst investment I have ever made.
Nope.
Buybacks only increase share value if a corp. is systematically growing it's sales and customer base. To date - ROI doesn't do that. And until it does - it's just an asset elimination scheme - Great for tax loss selling - until there's nothing left to lose.
btw. This new-ish $5k/mo. market-maker arrangement has already resulted in a dramatic share value loss - from $0.23 in Feb down to $0.12 in June. Now ROI's treasury is already +$15k lighter and it's market cap is almost halved. And ROI re-upped for more of the same?
ROI's ongoing expensive distractions aside, on an actual business note... Has ROI actually sold anything to any new customers in 2022?
dyodd
knowsjack