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Thursday, June 29, 2006 9:42:11 PM
But, he followed that up with stating, "and what if the company was to buy back those shares a little later down the road."
But, with todays volume almost 15 million traded, and end up flat on the day. This is a true example of xlpi selling shares into their own PR's, and that screws over the shareholder, leaving us the bagholder.
And if you remember, Bill Smith said during the conference call, that he needed the shareholders help. That statement has always stuck in my head, wondering what exactly did Bill mean by that statement. Well it's perfectly clear what he meant now. We the shareholders are to fund his company, by buying into the PR's, as Bill Smith/XLPI sells into them.
It's just not right.
And as of selling for a loss, I'm not willing to do that yet.
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