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Sunday, March 14, 2010 12:27:33 AM
1. Dean has NR'd that they would buy back from 10 to 20% of the O/S. That equates to 90 to 180 million shares (using O/S of 900 mil).
2. I doubt if there is 180 mil shares left in the float at the present time, considering how low the SP has been for so long due to delays in financing which has resulted in more and more people coming on board, flippers flipping and increasing their shares, smart money continuing to buy, etc.
So it could get really interesting over the next two weeks if Dean somehow finds the money to get a serious buy back going IMHO.
Makamai
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