No offense, but if you guys dont understand share buybacks you should not even be investing (especially in penny stocks!)!
Simply, QBID has an excessive amount of outstanding shares (somewhere around a billion plus, I believe). When and if the company has some extra revenue, they can opt to purchase shares in the open market, which are now referred to as Treasury Stock. This will ultimately lower the float (the shares traded b/w public investors). The lower the float, the better. As one previously mentioned, supply and demand. Also, there is an indicator called market cap. which is determined by multiplying the stock price with the outstanding shares. To keep it simple, an analyst/investor can determine or better yet accurately price a stock from the company's revenues. So if QBID does not for instance do a share buyback, and it goes to $1, the company would have a billion + market cap. The thing is is that the revenues must be inline for the stock price not to be overvalued. Go do some research on some other companys with billion+ Market Cap and look at their revenue and outstanding shares and youll see what i mean.
But, yes a share buyback would be a great thing for the investors! and 100% would see a rise in price!
AI
