Wialan Technologies Inc (WLAN): 75% of the O/S is restricted for a year,...

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Re: MrGambini post# 49457

Saturday, 10/12/2013 3:26:47 PM

Saturday, October 12, 2013 3:26:47 PM

75% of the O/S is restricted for a year, and was issued to Wialan to maintain control of the their recently private Company. Nobody knows the breakdown of controlling shares right now. Tapia, Peabody are no doubt in majority control.

The buy back plan that started on OCT 1, 2013 and the intended PPS target by the end of the year has been surpassed, and has met great support by the market.

Some of the 633,333,333 that is part of the total O/S is/was the target of the buyback IMO, some open market buying, and some private negotiated.

I don't think now would be the time to let control go by reducing the 1.9 bil, but expect the massive support to be addressed somehow, at some point in the future.

All posts are in my opinion only. My posts should never be taken as a recommendation to buy or sell any stock. Some opinions posted by me on this website or elsewhere on the internet could be due to uninformed or incorrect opinions based on actual facts.