Post by
MrMugsy on Jan 06, 2022 1:10pm
1,000,000 more shares removed from circulation in December
Looks like GUD has cancelled another million shares in December of 2021.
I'm trying to tick it down from my previous estimate that there were likely 20M free-floating shares on the market - waiting for a more permanent owner. Just a guess - more for fun than any kind of reality attached to it.
If I were even close at the time that I made that guess, then there would likely "still" be another 10M-12M free-floaters out there (even as high as 15M).
Again, this is simply a guess and more for fun than any kind of fact, highlighting there are still things to happen before the share price can turn upwards.
- more insider buying
- more buybacks for cancellation
- more institutions to slowly jump on the GUD train
Hope my number of free-floating shares is too high but ... time will tell.
Comment by
Chianchin on Jan 06, 2022 4:43pm
Waisted and over paid money as in the past six Years when the buy back started at $7. Last gasps before it sinks to $4.90
Comment by
MrMugsy on Jan 06, 2022 5:47pm
Let it drop !!! Let the stock price sink as revenues, income and cashflow increase. That's the perfect combo for me. I simply won't complain : )
Comment by
Chianchin on Jan 06, 2022 6:46pm
Ofcourse mugsy will not complain as he either does not own a single share and he is on this forum for the bs theatrics or he does not understand preservation of capital given that he has already lost fortunes on GUD and Antibe.