InvestorsHub Logo
Followers 75
Posts 13313
Boards Moderated 0
Alias Born 04/10/2013

Re: skidoo31 post# 42873

Saturday, 12/02/2017 8:56:44 AM

Saturday, December 02, 2017 8:56:44 AM

Post# of 54032

THE REALITY IS, IS THAT $150,000 WORTH OF STOCK WILL BE BOUGHT BACK ON THE OPEN MARKET


Perhaps it would be best to re-read the Press Release!

--$150,000 worth of shares MAY BE repurchased some time over the next six months! At what price? Clearly a higher price means fewer shares! Will Seth Shaw buy his own shares back?

--It CAN BE an open market or a private transaction! A private buyback can be done at whatever price the parties to the transaction choose!

--Due to the piddling number of shares that might be re-purchased, as compared to the total Oustanding share count, the impact on shareholder dilution will be miniscule! Even if the buyback happens, it will not be "meaningful" from a dilution perspective!

BTW...a .0007 close, which was .0001 higher than the suggestion, is a lot closer than some of wild guesses of "to da moon"! The eurphoria will wear off and reality will return next week. The company still has no business, no assets, and an extremely vague future! At the current price, a $150,000 buyback represents a meager 200 million shares out of over 3 BILLION OUTSTANDING. A buyback of ONLY 6.5% of the Outstanding shares represents a less than .0001 share price increase, based upon a projected change in valuation! Whoopee!

VERY SIMPLY, GIVEN A THOROUGH AND ACCURATE REVIEW OF THE PR, ONE FINDS THAT TAUG MAY DO A BUYBACK OF UP TO A TOTAL $150,000 OVER THE NEXT SIX MONTHS! HOW SPECIAL FOR THE SHAREHOLDERS, WHO WATCHED SETH SHAW "PRINT" SHARES BY THE MILLIONS CHASING THE COWAN LITIGATION! OVER 2 BILLION MOSTLY DISCOUNTED TAUG SHARES HAVE BEEN FRITTERED AWAY SINCE THE COWAN INDEPENDENCE ERROR WAS IDENTIFIED!

NOW THE BENEVOLENT MR. SETH SHAW IS "ANNOUNCING" THAT HE MIGHT BUYBACK MAYBE ONE TENTH OR A COUPLE HUNDRED MILLION OF THE 2+ BILLION SHARES THAT TAUG DUMPED INTO THE MARKET! WHAT A GUY!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.