InvestorsHub Logo
Followers 149
Posts 5036
Boards Moderated 1
Alias Born 04/14/2005

Re: None

Wednesday, 12/20/2006 1:05:29 AM

Wednesday, December 20, 2006 1:05:29 AM

Post# of 29237
O/T: Looks like AUGC will be moving NORTH! With 6.5B shares O/S now, a 4 Billion share buyback, putting the O/S at 2.5B, what would you think would become of the current share price of just $0.0001? Well, for one thing, at $0.0001, the market cap would be just $250,000. The market cap at $0.001 = $2.5M, and the market cap at $0.01 = just $25M. That's an increase of 100-fold in the current price, meaning a $1,000 investment could be easily worth $100,000 buying now at $0.0001.

December 19, 2006 - 10:00 AM EST

AuGRID to Launch Stock Buy Back in 2007
VINELAND, N.J., Dec. 19, 2006 (PRIME NEWSWIRE) -- To all public concerns, it is the very serious intention of AuGRID Global Holdings Corporation ("AGHC") (Pink Sheets:AUGC) to complete at least one of the aforementioned acquisitions in our previous press releases. What AuGRID has been very carefully planning is a stock buyback program to retire 4 billion shares during the first three quarters of 2007. Our strategy is simple. AGHC is in the process of acquiring firms that have revenues, history and profits. It is out of these revenues and profits that AGHC intends to acquire a portion of the float and retire the stock back to treasury. It is in the managements' analysis, and that of our advisors, that a float this size is counterproductive to the growth after a completed acquisition. The capitalization table should be reigned in through a stock buyback program.



Disclaimer: You are completely responsible for your own investment decisions and who and what you believe on the boards.You are responsible for properly analyzing and verifying any information you choose to rely upon.
Doc

Join InvestorsHub

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.