RE:RE:RE:RE:RE:DM.V WE KNOW WHO WILL BE BUYING ANOTHER 10 MILLION. HOLD ONMUTDMUTD wrote: ...yes, exactly, there is no other I am aware of, and that's my main point... It would be unheard of...I understand why they did the buy back and don't necessarily disagree with it as I think it's a decent move where we are right now... I just don't think it's wise to do more buy backs after and use up more cash, basically your other point... So I am saying we did the buy back... If DM is going to dish out more cash somewhere other than verticals, where again we agree it should be going, then I'm saying go with a special dividend... There is value to do that as there was for the buy back... I'm where I want to be, for sure and am in it till the end, if that's what happens... Liking what I am seeing just wanting the SP to rocket upward, even though it's been crashing for over a year but signs of a turn around are in our midst... in the end I am no CEO and don't pretend to know what should or shouldn't be done... for the record I am still trusting Marshall and really like his character and vision... Go DM... All IMO... DYODD...
Venator wrote: I am genuinely interested to know of any speculative growth penny stocks that have given out a dividend (other than part of a buy out). It just seems to go against investing acumen to give out a dividend. If you want dividends I think you are invested in the wrong sector. I would rather see free cash flow go right back into developing new verticals, R&D, organic or take overs.
I was stating my desire for a share buy back long before they announced that they were doing one. At the time I thought it was a great use of cash and I was tickled pink when Marshall announced that they were going to be buying back shares. However, what I don't like is how they pumped it on Twitter posting about how great buy backs where for share holders and then they prompty went out and further diluted the company at a far greater level than they were buying back. Since they knew of the planned EV aquisition from a "friend" long before they announced the buy back I think that they did more harm than good.
From my perspective a lot has changed in markets and economic climates in general over the past several months. While it was great that they bought back some shares and will be cancelling them I think they should think about preserving some cash for the recession that is upon us. There is a lot of uncertainty surrounding how bad it might get.
As far as new verticals, I'm not a big fan. I think they have plenty of verticals to digest for now. It would be unfortunate for such a promising company to take on too much and not be able to deliver effectively.