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Re: rige post# 85715

Tuesday, 03/29/2016 1:50:24 PM

Tuesday, March 29, 2016 1:50:24 PM

Post# of 232802
I completely agree, as a bonus for him too, wouldn't that be putting the money he used to buy shares to good use on his terms since in effect his current shares would be worth more, and would give him more control? That's probably how you get his cost basis of around .15 to be worth .25.

Using your money to buy shares, then taking the money on the companies behalf to buy back other people's shares...

My question would be, why buy it through the company instead of on the open market. With the announcements recently, it just drove up the price a bit, wouldn't it have been smarter to buy on the open market as it came down as it usually does and save money or get more shares? The advantage to doing it this way I can see making the company look good with cash on hand, and being able to get some quantity quickly. On the open market it would have taken a while to buy that many shares, and the company wouldn't have the cash to operate... But his shares would be subject to further dilution (which Steipp would do).

I guess there's less risk in doing it this way to avoid further dilution. But what to say about getting the quantity quickly, other than something has to be in the works... Obviously he knows something we don't. And with potential revenue upwards of 25M? If the prognosis was that dire and this guy was patient, he could wait for belly up and buy it for even cheaper. He could have bought his shares for pennies :). Oh wait, he did. Kinda makes you wonder if this was planned.
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