Homeland Security Corporation (HSCC)

[dude iligence]

Buying shares on the open market does reduce the float (free trading shares) It tightens the supply leaving less shares for everyone else to buy or sell. If they decide to retire those shares they buy they reduce the OS as well. But retiring the shares and reducing the OS doesn't change the price.
I get the feeling they don't want the market makers to know how many shares they have bought. The float listed as 58 million if the company buys 10 million shares the float is 48 million. There are several long term players that have bought up a big junk of the 58 million float. One of the goals is to reduce or eliminate market inconsistencies. That's a nice way to say reduce or eliminate any naked shorting.

58million shares is worth $5.8 million per penny in pps. Back last fall when the share repurchase program started the price was .0030-.0050 you could buy a million for $5000. 10 mil for $50k. It would not be surprising if the monster buying run Sept 2009 was the result of big buy back of the float by HSCC. If the don't retire those shares they could have sold some of them after they went up. The price pulled back for several months. They could have come in and bought even more shares when the price pulled back.

Share repurchase is very good news for the shareholder. Any reduction of float makes our shares worth more. It is the exact opposite of dilution. The key is to bring more investors to bid for the shares that are becoming increasingly scarce. From the website 226 shareholders as of Feb 2010. That number has to be higher today.

Most people on these boards have no patience. This play requires a bit of patience. John and I have been here a long time and our patience has payed off. Jackyoungblood must be out this week so I say it.

Buy some HSCC sit back relax and take a hot babe to the lake.