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Monday, October 01, 2012 1:13:19 PM
I believe this is one of the traders for the Company's BUY BACK
He is on the bid and LOADING. I also feel they have helped as we have seen in the recent days by HITTING the offer to LOAD 443,000,000 shares the Company has BOUGHT Back thus far!
The Company also announces it is continuing their share Buyback with plans to increase the overall program. To date, Southridge has bought back a total of 443,576,000 shares and retired them to the treasury. The total outstanding shares to date are 545,874,868 with a Public Float of 215,957,230 and Restricted shares 329,917,638.
"At this point in Southridge's development, it makes sense for us to continue to buy-back shares of the Company. In our opinion, the current share price and market capitalization of the Company does not reflect our recent corporate developments," said Davies, "which is why we feel the program offers value to our shareholders."
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