Replies to Post #70328 onSUTIMCo International Inc (SUTI)

Replies to #70328 on SUTIMCo International Inc (SUTI)

08/01/15 9:52 PM

#70332 RE: BigBadWolf #70328

Perhaps you can explain how any of that pertains to the buyback? And you realize a company can't hold its own restricted stock....

Btw ... Where is the 10b-18 plan? I don't believe the company has disclosed it. ;-)

Snizzle

08/01/15 9:55 PM

#70334 RE: BigBadWolf #70328

So the company is buying back shares staring next week and they decided to attempt to spur buying and a higher share price by pre-announcing this news Friday with the end result being the cost of the buying back shares......well.....high?

Interesting......

Soooooooo, all, All , common holders of Sufi stock should neither buy nor sell suti stock and let the company have a field day buying back stock on the open market this coming week.......correct?

One word of advise here.......play the trade or get burned badly.

SRV1975

08/01/15 11:19 PM

#70404 RE: BigBadWolf #70328

Wolf...you are a breath of fresh air! So nice to have solid facts as they pertain to SUTI, presented in clear, indisputable, factual form for all to understand.

The Claw

08/02/15 6:33 AM

#70505 RE: BigBadWolf #70328

Is it correct that to my understanding any share buybacks by the company must be done on the bid and not the ask as this could create a falsely inflated price and market. Also I noticed that SUTI stated that they would be doing a share buy back but they also mentioned retiring shares? If my assumption about the legality of a buy back having to occur on the bid is correct would there be any limitations on, let's just say for an example a retail group or accredited investors buying shares in the open market and then offering those shares purchased in the market to be sold back to the company? I guess if this were to occur the investor could sell these shares purchased in open market back to the company in the form of a convertible and therefore creating a higher demand and share price. The company would be buying these shares back at a discount to be repaid but basically assumes more friendly debt without having to actually purchase the stock back themselves and the investor has some security in note form and mitigates their risk by interest and the amount of the note based off of what they buy in the open market.