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Re: ProfitScout post# 383

Wednesday, 02/26/2020 1:17:41 PM

Wednesday, February 26, 2020 1:17:41 PM

Post# of 1673
Under the stock repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act.

Company Spokesperson commented, "Our decision to initiate a new share repurchase program was based on recent volatility, retained earnings, capital position as well as the underlying value of our common stock at this time. We continue to believe a share repurchase program represents an appropriate way to utilize retained earnings and is a continuation of our long-term strategy to drive long term growth."

$GEIN


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