InvestorsHub Logo
Followers 15
Posts 3372
Boards Moderated 0
Alias Born 06/18/2008

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.

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.