Friday, April 07, 2006 10:44:24 AM
We know that HISC did not buy back the shares before the PR because of the statement, "the Board of Directors has authorized a buy back of up to 20 million shares of common stock between now and the end of the month"
My question is: People keep talking about 20 million shares when it says "up to 20 million shares". Does anyone have an opinion as to how many will actually be purchased? Will we get an update as to how many have been bought, when, and at what price?
My guess is that they are just going to buy enough each week to try to help the PPS leading into the merger. The amount will depend on the market, but then again, what do I know.
Any ideas or thoughts are appreciated. TIA
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