OMID Holdings Inc (OMID)

[pennystockwallstreet]

AVOP - Share Buy Back up to $200,000 of common stock authorized by the Board of Directors.

PR 9/16/2015

AV1 Group Announces Private Placement of $2 Million Consisting of Cumulative Redeemable Preferred Stock Paying 12% Dividend

http://ih.advfn.com/p.php?pid=nmona&article=68539321&symbol=AVOP

Question by ihub poster:
"Dude they are selling shares, to buy shares back. Where exactly is the logic in that?"

Answer by Market Analysis LLC
"Not true, these preferred shares are sold at a value of a dollar each with a 12% dividend meant as an investment to be held. These aren't just common stock to be sold into the open market float. But they are using some of the money to buy common shares in the market pulling them out of the float, so it's not selling shares to buy shares, it's receiving investment money and using some to buy shares."


Market Analysis Posts


"Outstanding shares are 5,103,418,242 as of last filing times .0002= 1,020,683 market cap. That's right, 1 million market cap for a company that just received 2 million in additional funding. Oh, and don't forget, that share count will be coming down." Market Analysis LLC 9/16/2015

"That's what they did last time it ran 600%, they had block sells of 300 million but after getting the conversions out of the way they let it run. Much stronger position this time for a higher run and with everything they have going on it could really take off. Even further share reduction, 2 million in funding to launch products, already good website generating revenue, hippie butter CEO joining board, I believe an important merger is in the works, and think about it, you think someone handed them $2 million without looking at the business plan? I bet they did and I bet they thought it was good, good enough to agree to be paid in shares and the company even wants to buy its own shares knowing the pps is going up." Market Analysis LLC 9/16/2015

"Probably won't get shares much cheaper because they already said no r/s this year and since they have been retiring huge blocks of shares and just announced share buy back I don't think they will be considering anything other than reducing shares for awhile." Market Analysis LLC 9/16/2015

"$60,000 in convertibles taken out today already. The news is awesome, the company has been authorized to buy back $200,000 worth of shares. Share structure will go down which is a real tangible increase in value of existing shares. Also mentioned today, mergers, product launches, acquisitions, these guys already have some revenues that are growing and extremely low operating costs. These products, mergers, increased revenue; also very tangible increase in share value, I'm very optimistic about the future here. They are increasing shareholder value in every good way, which they have stated has been their goal for awhile, sure some converters may sell off here, but nobody ever said note holders were smart, better they sell here, they must have loaned more than they should have or just can't wait to get some money for some reason." Market Analysis LLC 9/16/2015