Finjan Holdings Inc (FNJN)

[lbcb123]

LMAO! They wouldn't consider a buyback when they were sitting on millions of dollars and the stock price was near a buck, but they will essentially "borrow" money at a very high interest rate to repurchase stock at 3X the price?

They really are marketing to the ignorant and naïve. And by "ignorant" I don't mean anything derogatory. I use the proper definition of ignorant meaning "you don't know" and not "stupid".

Seek out someone you trust who is a savvy investor and ask them if it is wise to borrow money at a high interest rate to buy back shares that doubled on no news merely from a massive promotional campaign.

There was a time when a buyback made some sense. How idiotic would it be to issue 2 million warrants at $3.18 and then buy them back at a higher price with money you borrowed at a huge interest rate?

I'm really not trying to demean you, but this is a terrible deal and any talk of a stock buyback under these conditions is just continuing the pump and makes no business sense. What is going to happen is they did this financing deal because they are going to buy a bigger company than they first indicated. You are going to get diluted away because they failed to grow their business units internally and are going to throw a Hail Mary to try to get something going.