Post by
piduks on Jun 10, 2024 1:03pm
Prior to the vote on the Vivo acquisition, management
stated publicly they have the support of their 'top 100 shareholders'. Since the Vivo vote I have removed my support for management based on the cumulative issues I have stated here including my annoucement that management no longer has my support. I cannot speak on the behalf of others and the decisions they make. The cumulative pool of retail shareholders has greater voting power than they realize and I merely requesting they join me in voting NO.
For decades upon decades a company when announcing a stock buy back was telling shareholders the company is undervalued. The converse also holds true when a company states their stock is undervalued indicating a buy back. For management to say the stock is under valued before becoming earnings per share positive is borderline sleazy.
Comment by
QContinuum1 on Jun 10, 2024 3:28pm
a buyback does increase the SP among other very important things. Cash is king and if they are as close to breakeven as they claim, it's time to put that cash where their mouths are and do a buyback.
Comment by
QContinuum1 on Jun 10, 2024 6:38pm
a 25% buyback isn't much of anything if they will be cash flow positive as they stated. But if you want a bit of margin, do half that. 50mil less float only helps long termers over the long term and sure as heck a lot more than some ego driven M&A scrap heap purchase.