Reko International Group Inc V.REKO

When will a buyout come?

[hevin]

And at a reasonable price? The book value is around 8$. Current price is absurd at 4.60. it appears company no longer buying back shares even at these ridiculously low prices. Does management even care what the SP is? And it trades so little, why are they even a public company? I'd like to see a sea-change in management and board of directors.

[DempsterMill]

Just 3 days ago they bought back and canncelled 6.9k shares. On the 12th of august 8.1k shares and on the 11th a whopping 29.3k shares. Quite strong buyback activity if you ask me! 

[hevin]

But did Reko purchase those 1000 very cheap shares? What is sickening to me is seeing shareholders selling at an enormous discount to book value as there is no other way out due to poor liquidity. So reko recently purchased shares but imho at far too low a price, especially when the book value is nearly $8. And the current price is far lower than what the shares were originally released at many

[GordonB]

Are we sure it was the company that bought those shares? The company yearend is july 31st and i think?? there may be a restriction on company buying until they announce results.