United Communications Partners Inc (UCPA)

[naturalborninvestor]

Most shares are in hands of insiders anyway. If they "repurchased a large part" of the shares, the company would effectively be taken private. Not a bad move considering the future propects of the company, but not what I think will happen.

It would be much easier and financially more rewarding for all, including management, to exchange their common share holdings into preferred shares, see the share price explode and subsequently use the higher pps to make 1-2 strategic acquisitions to excel the company's growth and profitability.