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SPNV now on OTCQX
with 15 millions re purchase where should this stock be in pps?
Just slapped and grab some more
$SPNV
~Almost earlier..Still 30 to go! I don't hold these overnite
Might be holding 50s :)
~Out for Now..Needs to Hold 40's..Which it Should...Be Back 2M..Maybe Some Fri Cheapies...
These guys aren’t playing, 15million buy back and form 4s.. making quite the statement that they don’t belong in otc ville.
~This thing doesn't like Pull-Backs lolzzz BEAST
Hey I agree, at least for the short term
This is not a p&d stock, the buy back is real if we judge it by the action.
Probably Attorney/Compliance Review Approval needed first..
Well...now my interest IS peeking.... https://ih.advfn.com/stock-market/NYSE/superior-energy-services-SPN/stock-news/80852989/statement-of-changes-in-beneficial-ownership-4
IF no BK, or RS then this could be a DRYS play. Might buy and hold for a few weeks.
We will see how it unfolds...GL
#1 to show confidence in the company
#2 yes to your strategy but this way shows they have faith in their own company.
Most people do have some pride in where they work. Rare in the otc however. But I’m trading this not holding long term. Day to few days
Or it could be dilution. Who cares ride the wave.
That’s the market makers positioning themselves for what’s about to happen
Buy now or cry later
That doesn't make a lot of sense on their part...why buy back on a running stock when they could have purchased shares for WAY cheaper. I'm tellin ya...the Company insiders and Tutes are unloading before the inevitable BK hits. If I'm wrong...then I will happily admit it. I give it 1 month. Trade it!
Why didn't they just buyback shares when it was @.10? That's a lot less than the current PPS.. Games are being played here. JMO
Awesome flipping stock until the music stops. Why would they announce a buyback instead of doing it quietly? Hmm
Regardless, I've made coin flipping this 3 times now... Gonna hold off on reentry until further confirmation of what's going on. I mean, you've got oil plunging, global growth slowing, and yet SPN announcing a buyback right after insiders bought @.13!?
Genius move as RS would have scared many away so taking the buy back route to get there.
Most likely the company gave orders to it’s MM to buy all $15M under a 1.00.
~HUGE SHORT SQUEEZE Might be Starting..Perfect Ingredients here...
I bet the company would prefer to buy back at this level rather than .80 or 1.00.
~$3Million+/12M-Share Slapp..BuyBack by Company?
With 15 million buyback, they can eat up a good chunk of the float and squeeze this to dollars
I tend to agree, and now that they’re on the OTC they don’t HAVE to RS
We get word that they aren’t going to do a reverse split this will fly to a dollar plus in my opinion
Looking good today though........
Already?...dumped all their shares? That was a disgusting amount of T trades if that was the insiders shares selling
Look at the AH T trades last night..they may have already
I find it amusing that yesterday's filings show insiders buying around .13 and then an announcement this morning of the potential $15M buyback plan for the next 6 months. I'd say they timed it perfectly to unload.. JMO
Big boys, hangover from nyse listing... most OTC companies dream of 15 million, these guys doing 15 million dollar buyback.
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