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Brytex

06/02/06 2:31 AM

#174654 RE: gold-leade-r #174651

goldy, i agree with JF on this...
it wouldn't make sense at this point and to use money to buy back shares. And if they actually DID buy back 2 shares, I think that would hurt more than help.
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IL Padrino

06/02/06 2:50 AM

#174664 RE: gold-leade-r #174651

Because according to the SB2 filing, the company is in financial trouble. They need money. They're not going to spend it on a buyback. It's financially stupid for a company to do something like that unless they happen to have extra cash lying around. It was made very clear to us that they don't have the cash they need.
The only thing that will drive the PPS up is subs. They are increasing at too slow of a rate for this company to grow rapidly.
Maybe when the CC store rollout is close to finished, they will start generating the subs they need. Right now, they are hurting.
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wickw50

06/02/06 2:52 AM

#174666 RE: gold-leade-r #174651

gold, No buy back this year....