Calissio Resources Group Inc (CRGP)

[TheSittingtight1]

The perfect storm......... 2004 all over again but with a positive cash flow... LOL

We shall see, sounds to good to be true but stranger things have happened


TheSittingtight1 Friday, 08/14/15 08:37:09 PM
Re: TheSummerMan post# 12014
Post # of 12337

SummerMan, It's not ruined IF the company was to finish the buy back using the $1,088,000 let of the $1.5m authorized by BOD for the buy back. At the price this stock is trading at it would take $630k to repurchase the entire O/S.

I do agree that this company sounds to good to be true but stranger things have happened.

Re:

8:46 am ET June 1, 2015 (PR Newswire)

Calissio Resources Group Inc. (CRGP) ("Calissio" or the "Company") is pleased to announce today that its Board of Directors has authorized a share repurchase program of up to $1.5 million of the Company's outstanding common shares


PR Aug. 13, 2015 /PRNewswire/

Further to the share buy back program announced on June 01, 2015, that during the period from June 01, 2015 until August 12, 2015, Calissio purchased 95,750,000 of its shares at an average price of $0.0043 per share. The total number of shares repurchased under this program to date is 95,750,000 common shares for a total consideration of USD $411,725.00.

The retirement of this stock reduced the total issued to 242,823,237 shares, greatly increasing the ownership percentage of the Company's public shareholders," said Adam Carter, President and CEO.



$1,500,00-$411,725= $1,088,275

$1,088,275/242,823,237= 0.00448

242,823,237x .0026 (today's close) = $631,340.41

But like I said, sounds to good to be true but hypothetically the numbers will work. leaving $456,934 of the authorized 1.5M for buy back