Replies to post #72415 on SUTIMCo International Inc (SUTI)

[Sheepdog]

The biggest problem with the buyback is that it appears to be just a lie. An insolvent Company cannot further impair capital to buyback its shares.

But, as has been noted, this will not really be a share buyback, but a market purchase of investors. Ie: a normal daily event. The PR is a scam to manipulate the market by a scam company and its scam CEO.

[BigBadWolf]

Sounds a bit like a Dusty ole Arts story doesn't it. Kinda like the gravy boat when it stops being passed around the table some go hungry w/ no sauce.

And any retiring would have to be up to the funding group now would it not...shares exchanged to CERT form would carry a legend & I believe that idea was discussed a bit previously here as to options that belong to the shareholders/Funding Group & any & all shares purchased on the open market.

Quite simply, just as anyone or any shareholder could do if they chose or would choose too....as anyone can buy stock in/on the open market & then request with their broker & the company T/A then exchange those shares into CERTAIN form.....now they would have to have confidence in the company & CEO of course just say might a noteholder who might be willing to retire say a future conversion due....all in an effort to increase holdings that they may already have/hold while @ the same time helping the company perhaps reduce the float. many do believe in Jorge & his business vision as he is given time since to date his corporate actions have been quite stellar. Now most IMHO would never invest in Vakser but $$Jorge appears to be the real deal as to date ALL his deals have come to fruition as has his visions of what he would like to accomplish moving forward & has accomplished. sounds very much like
http://ih.advfn.com/p.php?pid=nmona&article=67996297 actually it sounds just like this

lease with respect to a company buyback of shares. In addition, today the company has reached a final agreement with one of its noteholders who exists from prior obligations. This note becomes due within the next 60 calendar days. The company reached agreement with this particular noteholder to retire a share block that exceeds 125 million stock shares. When these shares become available for conversion, they will reflect as an additional amount in our company's outstanding share count. The shares will then be retired immediately thereafter. I am pleased with this outcome as it eliminates a future liability.

& btw this

With regards to the company buyback referenced in our Friday press release, the company has finalized agreement for this action which will take effect starting this week. The buyback will be allotted for up to 150 million shares to be purchased on the open market. The company has access to a funding group consisting of private investors. The structure of this buyback was detailed in our July 31, 2015 press release.

btw there are 2 separate dates as July 31, 2015 is not the same as August 3, 2015 but the world, Internet & the investing public already know this.
now should the company falter or Jorge,s vision or power ever diminish then all of those shares never have to be retired or restricted....so I was told by my corporate attorney & brokerage house ;-)

but since so many always try to accuse Jorge & his CEO abilities maybe he might get just read here as to his corporate language used & simply word it this way a funding group in an effort to help the company move forward as it progresses & as this CEO's vision becomes reality is going to buy back shares all in an effort to help further the company & their value, which btw would also help create additional shareholder value. Now that would be a buy back ;-) on behalf of moving Marijuana Venture Capitol Inc. forward.

that would slap the ole Dustyness of the arts gravy bowl...the one used @ holiday functions & special times.