Wednesday, February 17, 2010 10:26:06 AM
Respectfully and on the contrary, I think you are seeing the ”glass half empty” while myself and others are seeing the ”glass half full” here with BEDA and its news today.
Transparency is a huge concern within the penny stock world. Although you normally will not be made known the full 100% transparency of every single thing going on with a company, BEDA has been doing an outstanding job with keeping us in the loop enough just by not gagging their Transfer Agent (TA) and by keeping the share structure intact to remain the same over the past few months. That in itself is huge.
As for the news today, it is a huge shot of confidence instilled in its investors of their actions of remaining and becoming even more transparent on a regular basis. This is a huge step in the right direction again.
About the buyback being financed in a couple of weeks, that's huge because they are saying that they are planning on spending a certain amount of money no matter where the price of the stock is going to be when they start buying back the shares. That is saying that they believe the price will be at a discount for whenever they start buying no matter how high it is. That is telling me that they know that they will have something huge to announce after they complete their buyback to justify them buying shares at such a discount.
That is important because I expect that they will do the buyback first and then instill the closing of their acquisitions. This automatically secures the value of the shares they are to buyback regardless of the price they buy back the shares. This could be something very awesome which could very easily place BEDA to be trading well into the pennies. This is how I am viewing things. A little more patience could potentially reward BEDA shareholders in a very huge way.
v/r
Sterling
Sterling's Trading & Investing Strategies:
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