Buyback
Just to be clear. When they offer to buyback that is more than likely from existing shares bought below .03. Unless the price falls below .03, which it hasn’t, and unless someone wants out, why would this happen? Say I own shares and want out. I wouldn’t sell for .03 if I paid more. If I paid less, I’d sell on the open market.
The shares being bought on the “open market” by the company is supporting the current price. If they let it go below .03 and someone buys, they have to buy them back @ .03 thus you make a profit. It’s in their best interest to not let it fall below .03 to avoid giving you a profit. On the other hand, it prevents them form getting shares cheaper than .03. Once they get all the shares they need @ .03, I expect they will NOT offer to buy any more back from you and me. Then if the price falls, we ALL lose. They lose since they bought higher. We lose since now the company won’t buy them back for .03.
Bottom line? Feels like they are climbing in bed with us to say hey, if we go down, it will be together.
Be happy while your living, for your a long time dead.
