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h2omd0

05/30/06 7:27 PM

#7907 RE: famulus #7904

I think there is!!!
Buyback
The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may be looking for a controlling stake.

A buyback is a method for company to invest in itself since they can't own themselves. Thus, buybacks reduce the number of shares outstanding on the market which increases the proportion of shares the company owns. Buybacks can be carried out in two ways:

1. Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.

2. Companies buy back shares on the open market over an extended period of time.

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ChannelTrader

06/12/06 3:29 PM

#8308 RE: famulus #7904

This is for you famulus like I said debentures will be mandatory for everyone!
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Egor

06/12/06 4:05 PM

#8313 RE: famulus #7904

From today's PR
After a lengthy meeting with NASDAQ, DTC and our transfer agent, it had been confirmed that there is no X-Date or record date for this buy-back exchange.