Post by
fundtrader on Oct 27, 2016 12:09pm
Company needs to buy shares
They sold these shares for 65 $ us and some at 85 $ us...buying them under 4 $ is a no brainer to get new investors involved..
Comment by
Shortingtozero2 on Oct 27, 2016 12:11pm
Uh ... maybe insiders could start buying shares... WITH THEIR OWN MONEY !!!! Instead of selling shares ahead of Q3. Do ya think they know something?
Comment by
LongTermLong on Oct 27, 2016 12:17pm
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Comment by
Juice004 on Oct 27, 2016 12:59pm
Yes thy do need to buy back shares, 20-25% of the float. Maybe this is why insiders haven't bought yet. Insiders should start buying the same time the buyback program kicks in. Then in the future do a huge share offering and pay down debt with the proceeds. Kill some of that 1B in interest payments.
Comment by
lnvestor198 on Oct 27, 2016 1:11pm
They can't do buy backs - look at the debtor agreement. OMG 1BILLION in interest payments that is worst than I thought.