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Saturday, July 28, 2007 11:51:20 AM
I do know there are rules as to how many shares can be bought back in a day (something involving the average volume over the last four weeks) so they can't just multiply 360 million shares by .0008 to get close to $290K and take the block. They have to spread it out over time (they even indicated "over the next year"). Thus the question - would they want to keep the price down until they can own the 90%? I mean, if it went up to .0016 in the next week, that price doubles. And if it goes even higher, which we would all like to see, they would have to dump even more into it just to retire the shares.
Or, on the other hand, do they already own the shares?
From the talk on the board it seems like we are waiting for a significant increase in share price to come soon. From the PRs it seems like they would benefit from a low price. I can see that they are smart people and have a good business idea and so far I have liked every word from them - mostly the Mark Ellis is gone bye bye part...
Any thoughts?
-Neb
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