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Re: Tripledog post# 57485

Tuesday, 06/16/2015 11:46:15 AM

Tuesday, June 16, 2015 11:46:15 AM

Post# of 71675
I don't know who Frank thinks he is fooling with last Friday's PR.
He could just simply buy back WNTR stock on the open market at current PPS of .0001-.0003. The "intent" is of course bogus. For anyone wondering about buying back stocks, here is a statement from Wikipedia.org:

"Under US corporate law there are five primary methods of stock repurchase: open market, private negotiations, repurchase 'put' rights and two variants of self-tender repurchase: a fixed price tender offer and a Dutch auction. More than 95% of the buyback programs worldwide are through an open-market method,[2] whereby the company announces the buyback program, and then repurchases shares in the open market (stock exchange). In the late 20th and early 21st centuries, there was a sharp rise in the volume of share repurchases in the US: US$5 billion in 1980 rose to US$349 billion in 2005. Large share repurchases started later in Europe than in the US, but are nowadays a common practice around the world.[3]"

Sorry, Frank, you haven't fooled anyone. If you want to buy back WNTR stocks, come and get them on the open market. Surely there are plenty of people waiting to sell, me included. AHH
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