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Re: Z-Man15 post# 25292

Tuesday, 03/23/2010 2:56:12 AM

Tuesday, March 23, 2010 2:56:12 AM

Post# of 44103
Z-Man15, you might consider re-reading the 2/24 PR again: "The company will initiate a common share buyback program using a percentage of both future revenues and financing options to purchase up to 50 percent of its outstanding "public float"

It clearly states: "up to 50% of the public float" - IMO, this is worded very cleverly to give the impression that 50% of the float will be bought back. NOWHERE DOES IT STATE THAT BEDERRA IS GUARANTEEING A 50% BUYBACK - for all we know, Bederra possibly hasn't initiated any buyback yet.