Paul, I'm suprised PA actually spent that kind of money to buy back 110mil, I heard from good sources they were buying back quite a bit from a few individuals. The 10k will spell this out in time. This is great news, but I think [not including the PR now...] that a 1/2 penny rise on 40mil shares is a bit disturbing. It could be the MM's don't quite have a handle on how many shares are actually out there, or, the O/S is much higher than we expected. I don't see the O/S being higher than 650mil before the buyback. Time will tell within the next few weeks, and especially short term [tommorrow] after the recount this evening... on whether they are fudging a bit and are now caught short. We may see a steep rise tomorrow a.m., and if so, that lets us know they didn't have a clue before the news hit.
I'm not shocked PBLS has the cash to spend over $200k, but I am shocked PA spent that much as some here are.
I am however again disappointed in the 1/2 or so penny rise, so I'm thinking before the own tomorrow, we may see a penny or so take off....
Temp'
