eMax Holdings, Inc. (fka EMXC)

[GuruTrader]

Why would people be selling? Did people read this correct???

eMax Worldwide, Inc., a diversified holding company, has announced they are going to begin buying their common stock back from the public in the open market. The CEO, Roxanna Weber stated, "The stock in eMax Worldwide is trading way below its average book value. At these traded prices the company believes they should buy as many shares as possible up to the point of the book value price per share. We value every capital investment in the company and believe the buy back program is the least we can do to help to support our shareholders investments. Our stock price has fallen over the past few years as we have been quiet during our consolidation and compliance period but now that our company is in the home stretch of becoming completely transparent and compliant, it makes no sense to sit back and not be more proactive in supporting our shareholders and helping to reinvest our own funds to buy the stock until the price reaches back the book value.