BBDA announced a buyback not long ago. And then management quickly added a ton more shares.
BBDA IR Ken Fletcher gave this as an explanation:
Ken Fletcher Generally you get what you think. I have a lot of friends and family that have stock. As stated our plan has always been to buy back stock. I also understand the last buy back was pointless with the increase. The increase was needed to leverage some things we have in the works. 18 hrs · Like
Ken Fletcher If we leverage thing we are not going to do a rs think of it that way. It also a deal we couldn't pass up.
Not the first time they've done a bait an switch "buyback".
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.