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Post# of 38585
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greedy__malone

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greedy__malone

Re: biko post# 19582

Friday, 11/26/2010 11:58:32 AM

Friday, November 26, 2010 11:58:32 AM

Post# of 38585
The company is not profitable and therefore can not buy back stock. To do so would require a financial obligation that they have no way of repaying other than through stock issuances which would be totally stupid considering they would be buying shares at market price and then issuing discounted shares to pay for them.

Last time I checked that means more shares would exist because of such a dumb plan.

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