Replies to post #6788 on Tenax Therapeutics Inc (TENX)

[skyticket1]

it could be that the company does some cash management, mid term investment 1-2 years, as they do not need the cash on the bank account, and invested in corporate bonds or money market, that might be why it is included in cash and cash equivalent position.
I do not believe that they have bought back own shares, this would pretty suicidal and not reflect the statement that the operation is funded until mid 2017...

[elviscobain2000]

First of all my quotes of a share buyback always had a $ in front of them indicating the money spent to buyback shares. YOU converted it to "32 million shares". If you read the 10-q under assets it states 30.3 million in marketable securities -that wasn't shown in the previous quarter. It actually states $30.3 million, so I was off by $1.7 mil

This was my source that they were repurchasing their own shares.

cctranscripts
Conference Call Transcripts


Looks like $OXBT has been repurchasing shares. The drop in share count ranks them #39 on this buybacks list: http://stks.co/c10mi

[elviscobain2000]

Here's an example of a huge company that also buys back its own shares

http://www.forbes.com/sites/samanthasharf/2014/09/23/apple-leads-q2-buyback-pack-as-share-repurchases-decline-overall/