"The share buy back is a combination of restricted shares and market shares. Do you think they would announce a buy back without having made arrangements for the restricted portion of the buy back. They did on the last one and the OS dropped by 10 million shares. It would have been more if Katrina didn't happen to come along."
"made arrangements for the restricted portion of the buy back"...(hint, hint)... That the TA will request the 'Certificates' for, and retire into the 'Treasury', and will be a contributing factor in the "squeeze" he speaks of...
"Personally I feel a squeeze coming on because the company feels the SP is grossly undervalue at this time. And they are doing something about it."
Do you know what a "Short Squeeze" IS?
"The Company has never published a PR without them already knowing that a. the event was a done deal, b. profit was already locked in and c. they already were doing what they announced and the PR was a formality advised by their Attorney's."
"knowing that the event was a done deal"...Hmmmmm...Think about it...Even eztradin may not be that well informed about what's really going on here...His comments were rather general about what he's seen in the past...
Could the reason the pps has not moved in the last few weeks is because the Company has been involved in their buy back at THESE low prices, and may have already be near the END of the buy back cycle...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.