Saturday, November 21, 2009 8:44:15 PM
This news is not for the flippers. JD recently retired some shares from cash in the coffers and said they will continue to do so. With the share price going down here, another great time for the company to buy on the open market and retire more shares.
I believe he feels very strongly about the future of ETC. and sees that entity growing very fast. Yes, he could leave it alone with EXPH, but there are nearly a billion shares tied in with it.
By going private, and in some future time, that segment (company) will be taken public, with fewer outstanding shares on say AMEX, and possibly reverse merge EXPH into it. If things go as JD believes they will (revenues and profits in both companies), EXPH appears headed for success on its on merits as is ETC.
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