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Re: xZx post# 29747

Saturday, 09/19/2009 2:52:07 PM

Saturday, September 19, 2009 2:52:07 PM

Post# of 375420
Just did some very rough calcs to see how many shares averaged over the last 4 weeks and came up with roughly 12mil. The present outstanding shares are about 320mil, so 10% would be 32 mil and 20% 64 mil. Thus if the company bought back the max which was determined to be 100% of the average volume over the last 4 weeks each trading day, within 3 days they could buy back 10% and roughy 5 days to buy back 20%. It would appear that we can also use the average weekly shares for the last 4 weeks as a very rough indicator of how many shares are being bought back each day by the number of shares traded that exceed 12 mil. Open for comments.

Makamai