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Friday, September 30, 2011 11:41:24 AM
That PR about the buyback was well thought out and not a mistake. IMGG virtually hasn't put out any other PR's this year OTHER than the buyback announcement.
The PR said management would BUY IMGG STOCK
And yet, no buyback happened. Not only that 1 member of management actually sold into that PR while Dean was "raising cash" for himself
This is why everything IMGG puts out is disected and looked at in the most negative light. Because whenever IMGG says something, usually the reality is quite the opposite.
How cut and dried can this one be? You promise to "buy back" stock, but instead one sells and one "raises cash"
Buyback stock means you BUY BACK STOCK. Not sell. Not "raise cash" and certainly you don't SELL STOCK
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