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Alias Born | 02/15/2012 |
Wednesday, May 09, 2012 11:41:06 AM
People talk of institutional investors, big buyers etc....Yeah when that happens it will be great.
But if they are taking action on what they have stated in recent PR's...then it doesn't matter when the actual institutional investors show up.....I mean at this price you could convince and PUMPER/PROMO Penny stock alerter to buy this and hold it up for a couple of months to a year until the true investors show up.
Also what about this?
MP "may" buy back 100 million shares
This has got to go soon. The only thing that comes to mind as a positive........atleast at this moment is............
when the company stated they "may" buy 100million shares...........since they used the word "may" could they essentially buy more than 100million.
Obviously I would assume it goes both ways....the "may" NOT buy the 100million shares as well.
But to see the price dropping....it looks ugly....but I mean somebody had got to be buying....and it's been blocks of buying; yes at the bid too! Isn't that required for a share buy back.....legal to buy at the bid ONLY?
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