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Homebrew

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Homebrew

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Re: None

Wednesday, 06/08/2016 7:36:26 PM

Wednesday, June 08, 2016 7:36:26 PM

Post# of 81740
Buyback?? Nope. Broke, No Revs, They need cash, not waste it on a buyback.

Even IF they magically get cash, no way they would buy back stock. A legit company will use the money for the business. A less legit company will use the cash for "General & Administrative" expenses and "consulting".

Just a fluff bogus "plan" to pump the stock price. I bet they buy back $20 worth, out of their whopping $300 in cash, then they can say "We bought back some stock".

Here's a good post about problems with this company.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123161506

"It is easier to fool someone, than to convince them they have been fooled."

For those that don't get it, it means that people need to be more careful, and do good due diligence.

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