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could be...sell a little, drive the price down a lot and then buy back a whole lot more!!! I wish I had that kind of CASH!!
both my hands are raised!! we are crossing 100M!!!!
will it be better tasing than poppin pop corN????
sometimes I wonder too!!!1
WOW! that is some explanation...dilution and share repurchase go together???!!!!!
I bet close out volume of 100M!
matched trades, MMs at work!!!
LOL!! that's quiet a relief!!!
that's because the stock hit .02 after SIB managenebt took over GBDX>
could be but then that is reality!!!! I would think that getting this done and out o fthe way is best for them but then I don't how these guys at SIB think!!!!!
eliot, also, I think we will see a PR about the retail space...just to prove SIB is real!!
This article refers to share repurchases generally from a U.S. perspective
In the United States and some other countries, corporations can buy back their own stock in a share repurchase, also known as a stock repurchase. There has been a meteoric rise in the use of share repurchases in the U.S. in the past twenty years, from $5b in 1980 to $349b in 2005.[1] A share repurchase distributes cash to existing shareholders in exchange for a fraction of the firm's outstanding equity. That is, cash is exchanged for a reduction in the number of shares outstanding. The firm either retires the shares or keeps them as treasury stock, available for re-issuance. Under U.S. corporate law there are five primary methods of stock repurchase: open market, private negotiations, two variants of self-tender repurchase including a fixed price tender offer and a Dutch auction, and repurchase put rights.
Contents [hide]
1 Open market share repurchases
2 Fixed price tender offer repurchases
3 Dutch auction share repurchases
4 Notes
[edit] Open market share repurchases
The most common share repurchase method in the United States is the open-market stock repurchase, representing almost 95% of all repurchases. A firm may or may not announce that it will repurchase some shares in the open market from time to time as market conditions dictate and maintains the option of deciding whether, when, and how much to repurchase. Open market repurchases can span months or even years. There are, however, daily buy-back limits which restrict the amount of stock that can be bought over a particular time interval.
[edit] Fixed price tender offer repurchases
Prior to 1981, all tender offer repurchases were executed using a fixed price tender offer. This offer specifies in advance a single purchase price, the number of shares sought, and the duration of the offer, with public disclosure required. The offer may be made conditional upon receiving tenders of a minimum number of shares, and it may permit withdrawal of tendered shares prior to the offer's expiration date. Shareholders decide whether or not to participate, and if so, the number of shares to tender to the firm at the specified price. Frequently, officers and directors are precluded from participating in the tender offer. If the number of shares tendered exceeds the number sought, then the company purchases less than all shares tendered at the purchase price on a pro rata basis to all who tendered at the purchase price. If the number of shares tendered is below the number sought, the company may choose to extend the offer’s expiration date.
[edit] Dutch auction share repurchases
The introduction of the Dutch auction share repurchase in 1981 allows an alternative form of tender offer. The first firm to utilize the Dutch auction was Todd Shipyards.[2]. A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock, if they desire, at any price within the stated range. The firm then compiles these responses, creating a supply curve for the stock.[3] The purchase price is the lowest price that allows the firm to buy the number of shares sought in the offer, and the firm pays that price to all investors who tendered at or below that price. If the number of shares tendered exceeds the number sought, then the company purchases less than all shares tendered at or below the purchase price on a pro rata basis to all who tendered at or below the purchase price. If too few shares are tendered, then the firm either cancels the offer (provided it had been made conditional on a minimum acceptance), or it buys back all tendered shares at the maximum price.
[edit] Notes
^ For evidence of the increased use of share repurchases, see Bagwell, Laurie Simon and John Shoven, "Cash Distributions to Shareholders" 1989, Journal of Economic Perspectives, Vol. 3 No. 3, Summer, 129-140.
^ Bagwell, Laurie Simon, "Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity" 1992, Journal of Finance, Vol. 47, No. 1, page 73.
^ To understand the Dutch auction bidding and outcome from actual shareholder tendering responses, see Bagwell, Laurie Simon, "Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity" 1992, Journal of Finance, Vol. 47, No. 1, 71-105.
Retrieved from "http://en.wikipedia.org/wiki/Share_repurchase"
http://en.wikipedia.org/wiki/Share_repurchase
there are different ways to skin this cat but a pinky will never be trusted!!!! they might as well buy all the sharholders outright!!!! but for what price??? they are in full control and the original management team has deserted the shareholders and so they can name their price or can we guess what the price will be??/LOL!
world class research dept..yeah!!!! they are not going to spend monies on hiring PIs or interview the company's people. they'll research what is available publicly....just like the rest. C'mon why spend research dollars on apinkY???
eliot, the last time they did a share reduction it was via share cancellations!
update saying that they are late!!! Why??? might as well wait for the event to occur and then PR. if one takes it on face value then one will accept that the merger/acquisition is set for completion. their anticipation means if everything goes as planned then mid septemba is it but rarely in business does everything go according to plan. JMO
because it is 'anticipated by mid septemba' which is a forward looking phrase!!!
LOL! I am there for a view of the take off...spaceship Endeavour! I too would probably need a bottle with a tube!!
LOL! I would like to see the show first!!
board marks down to 494....5 of them bailed!!! IMO
yeah, they could as well be stringing along the nay sayers!!
can this be an exception?? may be,may be not!!! GBDX's PRs have not been pumping the PPS (unlike other Russian stocks). If this turns out be an exception then watch out for tidal waves of epic proportions. IMO.
history is history!! LOL. This could take on a different course.
not expecting news this week as they will announce/PR after the transaction is completed which is anticipated to be done by mid Septemba. IMO!
for example, if my memory serves me right, these paragraphs were not so elaborate...I could be wrong!!
"Now the republic develops new diamond pits (Nyurbinskayaand Botuobinskaya), as well as new refining factories. The main institution of the diamond industry is the joint-stock company ALROSA"
"About 50% of the company's rough diamonds are sold in foreign markets. ALROSA has a distribution agreement with De Beers' marketing arm, The Diamond Trading Company, but is reducing the amount of diamonds it supplies to De Beers. The company also markets its own stones and supports a growing Russian diamond-cutting industry. ALROSA's largest shareholders are the Russian Ministry of State Property (37%), the Republic of Sakha (Yakutia), where it is based (40%), and various legal entities and individuals (23%)."
Essentially some text, font, etc. the inventory has not changed!!
looks like their website has been updated!!!
http://www.globaldiamondex.com/russia.php
I suggest wait till it crosses 1 cent!! then you can be sure it is moving higher. It took less than a week to move from .005 to .02!! this time around it will take less than a week to move to .05!!
send us some moooooooooooola please!!! my tarrot card reader says I'll have cash in the bank 25 Septemba!! but I dont know from where!!!! LOL!
LOL! is tomorrow friday?? I can't wait to open my bottle of Vodka!
friday. imo
negger, all tickets sold out!!!! I have a strong feeling that the O/S is still at 355Million shares!!! Justa hunch. This ONE has trulybeen one of its kind!!
LOL!! is today friday???
And below the squeeze trigger of .0052!!!!
I hope you are right!!! LOL!!
what makes u think the MMs are shorting??? it is probbaly their client the hedge!!!
TAKI, just cut & paste the image!
that's almost 50% of the O/S (assuming O/S is 1B)!!!
the link works!!
TAKI, here it is but the link has expired!!! ask mwright45...
Posted by: mwright45
In reply to: None Date:6/21/2007 12:17:43 PM
Post #of 59788
Here's something that you might find interesting
http://img2.freeimagehosting.net/image.php?ccbd14e3bd.jpg
just got this from tom today
The link WORKS!!