Global Ed Community Corp. (GECSF)

[stumpyjohnson]

From the 2/1/11 news release...


"Subject to prescribed exceptions, CIBT may purchase up to 6,706 common shares per day, representing 25% of the average daily trading volume of 26,824 common shares per day during the six months preceding February 1, 2011. CIBT may buy back common shares anytime during the 12-month period beginning on February 4, 2011 and ending on February 3, 2012 or on such earlier date as the Company may complete its purchases pursuant to the NCIB, or provide notice of termination. Share purchases under the NCIB will be conducted through the facilities of the Exchange and other Canadian marketplaces/alternative trading systems. The actual number of shares purchased, and the timing of any such purchases, will be determined by CIBT, in accordance with the rules of the Exchange."

I can only surmise that a company wanting to buy back its own stock has confidence in its business model and revenue stream.

Additionally, placing its money where its mouth is, the company is confident that its a money making opportunity. The share price is at a low currently. If they enact the buy back process one would think they'd begin an ad campaign to boost share price and thus the value of their investment.


All in my opinion...and again...I'm an idiot.