Sunday, December 05, 2010 1:52:35 PM
Trust me, it takes paper work and proof in order to get a loan with longgggggg review and DD. Obviously SAEI has something much bigger than we ever imagined.
Now-share buy back- we have not even got started with that- I suspect it will be soon, the only times you usually see a company buy back shares is to reduce the float and retire them, which is usually the requirement of a company who is buying them out or doing a R/M or JV with the shell holder in our case SAEI because the merging company wants the PPS to be higher when they come in or they are offering to buy the company out in full offering X amount per share.
So an example lets say there is 28 million in our float, SAEI buys back 14 million, this other company says I will buy you out for $5 per share once you reduce it to this level, or in our case, you buy back this many shares and we will BUY INTO YOUR COMPANY FOR A LARGE STAKE this many shares at this price.
Last note, Fridays shake down was the biggest most violent I have seen and was expected. Monday, I would be buying these cheap shares up and holding them, the MM were able to cover some of their shorts Friday in the last 30 mins, which is what they planned. They know huge news is coming and if they did not do so they would be paying a lot more next week.
Will be adding more. The share structure alone tells you they mean business, on top of that it is getting reduced even more soon.
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