REPOST: BUY BACK INFO
hey dmceng, this is something i posted a week or 2 back and you might find it helpful. in there last 10q, they stated how much money they were going to throw down on their own stock.
i have an idea/estimate about the buyback for all those who have no idea what to expect.
- the following is a segment from the last 10q.
"Solomed will provide an initial line of credit of $1 million at 10% interest with an option to secure an additional $2 million. $300,000 of the initial line will be used for strategic acquisitions, $200,000 will be used for a buy-back of ValCom stock, and $500,000 for the funding of additional operations. The $1 million interest-bearing line of credit will be held in escrow where ValCom can draw down the funds as needed. The additional $2 million line will be available to the company based on ValCom’s fulfilling obligations to Solomed. ValCom’s is obligated to draw down a minimum of $150,000 of the funds."
- it states, out of all their current finances, that they have set aside 200,000 for stock buyback.
$200,000 / .05c =~= 4,000,000shares
$200,000 / .10c =~= 2,000,000shares
-From what penny whisper said about how they do not yet know how many will be bought, i figure these are good estimates. Although, obviously, the pps will greatly affect how many shares will be bought.
"I just spoke with both Ingrid and Vince, in that order.
not much new, but some additional confirmations...
* a share buyback IS going to happen... they don't yet know exactly when or how many shares will be purchased. "
correct me if im wrong, or off target. go vlco!
