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Alias Born | 08/12/2010 |
Tuesday, July 15, 2014 10:40:59 AM
How can you call buying back shares in the neighborhood of 30k+ dollars meaningless?
They could had easily sold 4 million shares and pocketed 30k+ dollars versus spending 30k to buy shares. They did not. They used money earned from projects and bought shares back like they stated they would.
They said all along they would buy back from the float. That's exactly what they did.
I just reviewed another holding I used to be in. They stated in the fall 2013 a buyback will occur. Nothing has occurred to this day along with zilch for revenues. They have more shares o/s and in the float versus SITS and the PPS is higher than us. Now that is pretty typical penny land stuff.
SITS is delivering, no two ways about it!!!
Anybody saying they are not has another motive at hand!!!!
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