Sylios Corp. (fka UNGS)

[terry_mathews]

Sterv, we each can formulate our own opinions on company press releases and the motivations of corporate executives.

I also think it's not fair to stereotype the integrity and sincerity of UNGS' intentions to perform this buyback based upon other companies that had less than sincere intentions.

No actually not at all. The funny thing about history is that the investor claims are always one of trust in corporate officers until such time as they were outed as frauds. In fact that last company I speak of had individuals like yourself heralding the buyback program as being fully sincere right up until such point that it was not. There was similar speak about how honest the officers were and of highest integrity, right up until the SEC nailed them. You have zero proof that this is not the case here as all you are going on are press releases that appear misleading at face value.

As I explained then and will explain now, a buyback program executed by a company losing money is garbage. They need investors (who are given some means of collateral) to pay the bills and to use that money in a buyback instead of investing in getting cash flow positive is a misuse of funds. feel free to show me successful buyback programs in start up penny stocks with little to no revenues.