Followers | 104 |
Posts | 2500 |
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Alias Born | 12/02/2016 |
Sunday, September 03, 2017 1:09:59 PM
Honestly people do the math, and it quickly becomes apparent that VIVA needs at minimum 10k subs just to break even after factoring management's salaries (many hungry mouths on the payroll), licensing fees, marketing, etc.
They're not even remotely close to 10k subs, so why the utterance of a share buyback, but for dangling the POS-land carrot that aids in selling shares?
Mark my words, there will be no buyback anytime soon, if ever.
Focus on reality, and not on the pie in the sky "buyback chicanery" that is all too representative of stinky-pinky lip service.
Do yourself the favor and read the financial statements and then repeat the buyback pump with a straight face - there is just no way of doing so without bursting into tears of laughter.
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