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Re: Han2004fl post# 3618

Wednesday, 01/24/2007 7:24:18 AM

Wednesday, January 24, 2007 7:24:18 AM

Post# of 143047
CHNW important update on share buyback :
I received an email from the company regarding my specific pointed question about share buyback. The company is saying in their latest reply that they bought back 300 million shares as part of the share buyback. This is according to their last email I got. My head is spinning. I don't know what to believe here. I asked them to PR this as soon as possible along with the current share structure and promise us not to reverse split the stock coz we can go up big if the company puts out some good PRs. I think I will sleep well knowing this.
I think this 300 millions fits well with Hans analysis..
Putting it simply

All 950 million is in the float (just a guess)
Company probably sold at a much higer
level and exhausted the float. Now they are buying back

So the math is this

A/S - 5 billion
Float - 950 million
Rest (4 billion is restricted)
Out of the 950 million float the company is saying they bought
back 300 million. So the remaining float of 650 million is our
retail hands and I got nearly 55 million of them!!
God bless us. I see a big upside if this theory is correct..





All posts are only my opinion and are not buy or sell recommendations.