Tuesday, September 16, 2008 11:53:10 AM
"In addition, the Company plans to conduct a share buyback of no less than 50 million shares either on the open market or directly from the stakeholders, and retire them back to the treasury."
Lets take the first underlined part. That's obvious, they said they planned to do it, not that they did it. Just like we all plan on being one thing and end up being another.
Now lets look at the second underlined part. On the open market or directly from stakeholders. So, if this ever happens, it might not even be seen in the market because it could be done privately between parties.
So let me ask you again. How do you know they already bought back?
These are my opinions unless otherwise noted.
Proud member #2 of the "iHub 9". All CAPS will crush the whimpy girly man quotes!!!
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15992
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