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Oh what great news...they did not really announce much of anything considering they are not even obligated to do so as stated in PR:
The decision as to whether to purchase any shares and the timing of purchases, if any, will be based on the price of the Company’s common stock, general business and market conditions, applicable legal requirements and other investment considerations and factors. The Share Buyback Program does not obligate the Company to purchase any shares and expires in 24 months. The Share Buyback Program may be terminated or amended by the Company’s Board of Directors in its discretion at any time.
Volume is low looking at big Buy Back News. ATM must have been closed.
Date -> Volume
8/11/2022 -> 13,674,581
8/10/2022 -> 15,795,900
8/9/2022 -> 10,569,900
8/8/2022 -> 8,113,800
8/5/2022 -> 9,932,200
8/4/2022 -> 34,706,100
8/3/2022 -> 32,801,400
8/2/2022 -> 12,084,000
8/1/2022 -> 16,851,000
7/29/2022 -> 19,130,200
7/28/2022 -> 21,880,000
7/27/2022 -> 19,109,100
7/26/2022 -> 25,256,300
7/25/2022 -> 18,356,990
7/22/2022 -> 17,120,250
7/21/2022 -> 18,859,725
7/20/2022 -> 22,025,845
7/19/2022 -> 48,645,885
7/18/2022 -> 39,496,905
lod?...laugh of the day?
yep, we were over $3 right before the split (15¢)...took care of the split, the NASDAQ bid requirement, pulled in over $100 million from the stock offering in Q2, pulling in another $150 million, with a shelf offering of up to $500 million with at least $200-$300 million more coming in from disposition of assets...knocking the debt way down and the killer interest payments...paving the path to profitability...all systems go...buying back 10 million shares...deposited $70 million cash into the shareholders' LLC...~$100 million "statement"...no BK here folks...
Thank Helter Skelter, I bought total 45K share yesterday. I think it will filled the gap by next week. Float here is only 20 Million they announce the buyback 10 Million massive short here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169633393
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169639704
$3.00 to $5.00 initial upside now that shorts have been warned.
Great buy(s) powerbattles, 157s going off...$XELA
Letting the shorts cover ... $1.46 x $1.47
IRVING, Texas, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a business process automation ("BPA") leader, announced today a share buyback program of up to 10 Million shares of Common Stock.
On August 10, 2022, the Company's Board of Directors authorized a share buyback program (the "Share Buyback Program"), pursuant to which the Company may, from time to time, purchase up to 10 million shares of its common stock. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions, block trades or pursuant to a trading plan. The decision as to whether to purchase any shares and the timing of purchases, if any, will be based on the price of the Company's common stock, general business and market conditions, applicable legal requirements and other investment considerations and factors. The Share Buyback Program does not obligate the Company to purchase any shares and expires in 24 months. The Share Buyback Program may be terminated or amended by the Company's Board of Directors in its discretion at any time.
For more Exela news, commentary, and industry perspectives, visit: https://investors.exelatech.com/
weeeeee, nice call George!
Exela Technologies, Inc. Announces Share Buyback Program of up to 10 Million Shares of Common Stock GlobeNewswire "Press Releases"
IRVING, Texas , Aug. 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA , XELAP), a business process automation (BPA) leader, announced today a share buyback program of up to 10 Million shares of Common Stock.
On August 10, 2022 , the Companys Board of Directors authorized a share buyback program (the Share Buyback Program), pursuant to which the Company may, from time to time, purchase up to 10 million shares of its common stock. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions, block trades or pursuant to a trading plan. The decision as to whether to purchase any shares and the timing of purchases, if any, will be based on the price of the Companys common stock, general business and market conditions, applicable legal requirements and other investment considerations and factors. The Share Buyback Program does not obligate the Company to purchase any shares and expires in 24 months. The Share Buyback Program may be terminated or amended by the Companys Board of Directors in its discretion at any time.
Exela Technologies, Inc. Announces Share Buyback Program of up to 10 Million Shares of Common Stock
August 11, 2022 09:00 ET | Source: Exela Technologies, Inc.
...
IRVING, Texas, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation (“BPA”) leader, announced today a share buyback program of up to 10 Million shares of Common Stock.
https://www.globenewswire.com/news-release/2022/08/11/2496840/0/en/Exela-Technologies-Inc-Announces-Share-Buyback-Program-of-up-to-10-Million-Shares-of-Common-Stock.html
$XELA is it me or are bears out in full force today?! ??Like they’re scared some EXCELLENT PR IS FIXING TO COME OUT VERY SOON and send XELA to the moon!
He is not a CEO he is a FIC
Fleecer In Charge.
Par always puts himself above the company and shareholders.
Look, they reported preliminary results yesterday and today they don't have their Q ready to file - pure incompetence from the entire enterprise.
This stock is garbage and the CEO should step down if he has some self-respect left. The news yesterday is a big disappointed and just showed how incompetent he is.
What would you like verification of? I will send you a screenshot within nanoseconds
Well that was a rough day... Guess I'll be a bit holder for the next few years lol... I was hoping but God said no
I believe it's a double bottom
added 5000 shares at 1.26
Q2 YoY NET LOSS up like 300% from 2021 -
Yeah got a real winner here.
I just don't see the catalyst
Level 2 is looking very strong smilin it would take but one solid tap and this shoots up... Not sure if that matters to you but letting you know
We hit $1.44 earlier
So happy i got out at $1.61 ahead of this catastrophe
Hmmm nice 150k buy stick on the board maybe it's a good sign
Doesn't seem to be to much faith in a Monday morning Financials report lol...
Could be a short destruction to... If something crazy awesome happens haha... glta
More News Monday, The last day for Nasdaq compliance. There could be a short attack.
So happy I sold this last night at $1.61
I also thought Par was going to buy 100k worth of shares 2 days after Financials... So Monday release premarket and CEO buying all sounds epic to me... I haven't been in this stock long so just trying to figure out all the negative I keep reading from people
They would have to be worse than I believe they are to break below a buck at this point.
They should be back in compliance before Par sells it down to nothing after that.
As long as it stays above a dollar for ten straight days it shouldn't...I am thinking....Monday at close 4 pm
Maybe I'm wrong but if Financials are coming out Monday premarket... Isn't that a good sign they will be good if not great? Seriously asking because if Monday is the 10th day and it tanks then they may lose compliance... Correct?
I think it might be the 9th...Monday is the 10th I'm thinking.
Today is the 10th trading day over $1. scam ceo will let this die Monday morning
Told to this will be red today
Issues multiple Convertible notes to make money
I don't even know what this company does
Alright I think this will go up 4-8 cents tomorrow... Everyone else seems to be picking it to go down... why... Earnings around the corner and they ATM'D the heck out of this... they shouldn't have any debt lol
How is that possible if I sold at $1.61?
Not looking like it
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