Bell Buckle Holdings (BLLB)

[aredrooster]

It looks like Rodney and Company had a little spare change at the end of the year and needed a tax deduction. They probably made a smart move and bought back quite a few shares for pennies on the dollar. If you check charts over the past year, there have been a few significant trading days where millions of shares traded hands and raised the PPS, only to see the price fall right back to its old level or lower within a day or 2. Only limited and sporatic activity on this pink. I presume this to be the family buying back the shares at bargain prices, that they sold to finance the new production facility. It was a private company before the financing was required for this acquisition and the family may wish it to be held privately again. Public funds and incorporation were a means to an end. By witholding information and financials about the business the primary shareholders, "family", can hold the price down just because most people have lost interest in it. This is contrary to the company bylaws which require a yearly accounting of the financials at a minimum. If no one is watching you though, who cares? If this were my business I believe I would be wrapping my arms around the public that allowed me to increase my wealth and grow the company. It doesn't appear that this is the business plan for the Simmons family at this time. I have written the attorney generals office about this. I don't know if there will be any action taken. Just my opinion.