While the Company is not under any obligation to repurchase shares under this program
...Sir-NO COMPANY IN THE WORLD IS OBLIGATED BY LAW TO BUY BACK SHARES- AND WHEN CEO's DO IT. THEY LIKE TO BOAST ABOUT IT...HENCE WHY THE SAY WE ARE NOT OBLIGATED TO DO IT, BUT WE ARE DOING IT ANYWAYS BECAUSE MANAGEMENT BELIEVES IN THE COMPANY... LOL-SIR EVERY EXPERIENCED INVESTORS KNOW THIS....
BY SAYING WE ARE ARE NOT OBLIGATED TO DO IT, BUT EXCITED TO BE DOING IT.... *SIR, WHAT THE CEO IS REALLY DOING BUY SAYING THAT, IS SAYING LOOK AT ME, MR.CEO I AM DOING SOMETHING I AM NOT OBLIGATED TO DO FOR INVESTORS....ESSENTIALLY HE IS POUNDING HIS CHEST BY HIGHLIGHTING THE FACT IS DOES HAVE TO DO IT, BUT DOING IT ANY WAYS..
SIR, PLEASE LET'S NOT TAKE THINGS OUT OF CONTEXT SIR
Sir- PLKD buyback with 3 different means $400,000, 10% of sales and switching Common Shares owned by Major investors to Preferred Shares which will be locked for yrs.