RE:RE:Here we go, small dumpsI wonder if any of these posters speculating on insiders dumping shares (i.e the people they call Medi dude or EV dude) realize that it would need to be made public and recorded by the exchange. There has been absolutely no changes in the insider buys and sells when I last checked. Those people who work for the company running Medi-Call and DM EVS are considered insiders, it would show up on insider trading. lol
As for Shlinker, he/she/it seems somewhat challenged at understanding the value of a share buy back to shareholders and the company and the value of buying back shares at a lower price.
In one post he talks about cash being king and in another post, in his typical contradictory fashion, he mentions buying back shares at a low cost is basically ridiculous. Buying back shares at a lower cost obviously saves the company money, so if cash is king this is good. Why would a company that has a decent cash flow for a small cap not take advantage of the low share price to reduce the outstanding shares? And if cash is king, then why were you so upset when they used shares to pay for EV Connect instead of cash?
It's funny how these same people where all up in arms when the company issued shares to buy EV Connect for their EV vertical and now that the company is buying those same shares back at a price much lower then what the shares were issued at and cancelling them out, they are still complaining. LOL We seem to have a few confused investors on this board.
Because we issued shares and not cash for EV Connect and we are buying back shares at a price that is lower then we issued them, the company is essentially getting EV Connect for a cheaper price then the original cash value of those shares. As I've mentioned in past posts, a company cannot buy back cash, but they can by back shares, so with the low share price this deal is working out in their favour when is comes to saving cash. Cash is King!!! LOL