InvestorsHub Logo
Followers 35
Posts 7503
Boards Moderated 0
Alias Born 02/15/2012

Re: None

Wednesday, 05/30/2012 10:14:51 AM

Wednesday, May 30, 2012 10:14:51 AM

Post# of 80868
Has anyone thought that the 2.7 million in interest payment....logged as expense was direct result of them buying back shares.

A PR stated that they were getting rid of toxic debt.

Well if they bought back shares they had issued at .01 and then repurchased them at .0158 from the debt holder....how would this be calculated on the balance sheet.