Friday, September 03, 2010 4:03:45 PM
You, nor I can demand any sort of a stock buyback. I understand your terminology.
You are suggesting a buyback of $10K worth of stock.
Here is my problem with that:
1. How do you know insiders have $10K
2. Why dont you buy $10K worth of stock if you think it is undervalued?
Just because the stock is 0001 a share does not mean it is a good investment opportunity
Just because insiders are insiders does not mean they think 0001 is a good investment opportunity.
I once worked for a public company and I loved the company, its management team, other associates, senior executives, and to make things even better the company was making money, profitable management was respectful to its employees, but the P/E was very high and most people thought that it was not a good investment.
Shareholders 'asking for' stock buybacks are very inconsiderate.
INCONSIDERATE:
1. How can any person ask another person to buy stock in a company.
2. How can any person spend another persons money.
It is inconsiderate and downright offensive.
As for my 2nd point up there - I am not telling you to buy stock, I was simply asking you why you wouldn't buy $10K worth of stock. I am eager to hear your response to my question.
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