More like this:
First Guardian Financial Corporation Completes First Round of its Previously Announced Share Buyback Program
First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that the company has completed the first round of its previously announced buyback program. It has purchased 10 million common shares and will retire them to the company's treasury.
With this first round of the share buy back plan, it will reduce the company's authorized shares to 142 million. The company will continue to acquire additional shares and retire them until it has reached the stated goal of purchasing 50 million shares, giving the company upon completion only 102 million authorized shares.
I'm thinking another 10M has been bought back over the last
couple of weeks, or very close to it based on volume.
Have a great weekend all.
P.S.: The float will be near 32M when all said and done.
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EZtradin