Lana, thank you.
I've not seen much from this poster before other than quips. But keep reading...I like what he's saying here, VERY MUCH.
When CMKX raised the A/S to 800 billion, yes I had questions, but I then looked at this from the company's perspective. I offered a post back in August that can be called "The Bluff". It offered the idea that Urban's goal is to retire the true O/S and true tradable float at the lowest possible price. The 800 A/S was a bluff to keep the MM's offering an artifically low selling price.
I thought at the time, the idea was sound. I'm very glad it has been brought up again. : )
I say the word "true O/S and "true float" because it is imperative that in UC's effort, REAL SHARES were being bought and retired. This post by georgeburns takes this theory and spells it out in a way far better than I did. His explanation of the means to the end is quite good.
Most important to us now is the question...
Is this what is occurring?
Again, with the leaders of the company at shareholders' disposal this weekend, discussion and questions can ascertain if any of this is true, or if this is something that is not the case, thus putting any further speculation on this to rest.
Here's hoping,
Bo : )
AI
