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.
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