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velcro

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velcro

Re: bobchar post# 3772

Wednesday, 07/18/2018 9:35:43 AM

Wednesday, July 18, 2018 9:35:43 AM

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The PR is cryptic. Cash on hand available for BOD discretion. The cash could have been a very small dividend or used for more capital investment. But, the BOD chose to occasionally buy back shares.
No need to buy back shares if business is about to blossom big time.
The MKRS value improved when Tom Meaney announced conversion of Preferred shares to Common shares. Those former Preferreds are looking for more return on investment ("...private deals...").
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