InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,522.30
(
1.58%
)
US TECH 100
19,012.00
(
3.88%
)
Dow Jones
40,842.79
(
0.24%
)
Brent Oil
81.47
(
-0.05%
)
Bitcoin
64,180.01
(
-0.65%
)
Post# of 221875
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

ncpti

Send PM Follow Ignore
Followers 15
Posts 3372
Boards Moderated 0
Alias Born 06/18/2008

ncpti

Re: newtrader2007 post# 16354

Monday, 07/21/2008 7:07:38 PM

Monday, July 21, 2008 7:07:38 PM

Post# of 221875
New trader- the company is buying their own shares to retire them and take them off the records.

I think the other question you had was who is sell at .0001. The company can re-purchase share at the bid price. Therefore it looks like someone is selling but it is the company buying them to retire out of the O/S.

Information above may be speculative, based on mis-information, contain inaccurate data, be entirely tongue-in-cheek, depending on how much liquor I consume, how litigious and degree of stupidity / gullibility exhibited by the poster/reader I respond to.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up