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Re: Johnny4profits post# 36319

Thursday, 06/03/2010 11:50:16 PM

Thursday, June 03, 2010 11:50:16 PM

Post# of 41086
Point taken. I am buying this stock purely as a gamble. If I loose the money, I will be pissed, but will also blame myself. At the rates the stock currently is at, it would only cost LGTT $620-$930K to buy back all of their shares. I forsee a huge, by huge don't have an exact number, buyback of shares by LGTT. Who has an extra $million laying around? I doubt they do, but if they buy back half, a third, a quarter of their shares it will make a huge dent in the oustanding shares of the company assuming the shares get retired. If they buyback enough, maybe they won't have to do a R/S and could put a little PR out to that effect. From other stocks that I watch and own, that alone, should make the pps rise significantly, IMO.