I think CKYS announced a buy back PROGRAM as well......I wonder how many other scam stocks have announced a buy back program which never proved out to increase shareholder value?
any guesses on who may have been running some of these companies? Its a RINSE and REPEAT cycle folks........
Looks like ole cortellazzi has done this in about EVERY company he has worked for and can anyone explain how those companies are doing today? and how those share BUY BACK PROGRAMS WORKED out for the INVESTORS?
Coastal Holdings, Inc. Assures Investors of No Reverse Split of Shares
THURSDAY, DECEMBER 09, 2004 9:02 AM
- PrimeZone
HOUSTON, Dec 09, 2004 (PRIMEZONE via COMTEX) -- Coastal Holdings, Inc. (Pink Sheets:CSJJ), a leading edge global technology holding company, announced today that it has passed a resolution stating that it will not perform a reverse split of its issued and outstanding shares. In addition, the Company confirmed its intention to buyback and retire a significant number of shares in the coming year. These initiatives are in line with the Company's commitment to maximizing shareholder value. CEO Andrea Cortellazzi stated: "We are taking these steps to maximize our share value and position the Company for future growth in the biotechnology industry.
HOUSTON -- CortDev, Inc. (CDVJ: Pink Sheets) is pleased to announce that the stock repurchase plan is progressing as per schedule. According to the July 20 press release, the Company intends to repurchase up to an aggregate maximum of 100,000,000 shares of common stock during the next quarter. CEO Andrea Cortellazzi stated, "We will continue to repurchase shares and may increase the amount that we originally intended to buyback. We believe the shares are currently undervalued given the bright future of the Company.
HOUSTON--(BUSINESS WIRE)--March 31, 2004
ProActive Computer Services Inc. (PAVP: Pink Sheets) will launch a share buyback program as early as next week, Chief Executive Andrea Cortellazzi said on Wednesday. The company will seek to repurchase its shares due to management's belief that the price is far below other real estate development companies on a projected price-to-cash-flow basis. PAVP projects revenues from operations to reach approximately $3.5M by the end of 2004. This is forecast to be generated, following the construction of the hangar and adjoining structure, from leasing contracts signed with tenants and the fuel farm to be installed at St. Hubert airport.
AI
