YAKC buys back own shares from TVCP for $2 per share in an off-the-market deal.
It can only mean that both companies have an interest in TVCP not selling on the open market, where the YAKC share price is currently $5.05
TVCP must have suspected that the real value of the share is below $2 and YAKC must have desided that it was better to pay $2 per share, than have the actual market value of the share determined in open market sale (they have even more shares at hand that they would like to float slowly and gently, I suspect).
Whoever is paying around $5 per share of this stock at the moment, is being suckered hard, IMO.
I have never shorted a stock in my life and this will not become my first. But anyone who has the stomack for shorting - short the h*ll out of this stock, right now!
You can short freely, while the price is above $2. You have something close to a company guarantee that the stock is worth less than that...
KD
