Replies to post #11685 on Diversified Oil and Gas Holdings (DVFI)

[fratboy72]

It would be good b/c it would reduce the number of O/S shares - for example, if there are currently 300-350M shares outstanding (depending on who you talk to) and the company buys back 50M shares, then there are only 250-300M shares floating around. This means that the PPS will be higher b/c there are less shares available to trade.

300M shares x .03 (PPS) = $9M (what the company is "worth")

BUT...........if they buy back say 50M shares

$9M (what the company is worth) divided by 250M shares = .036 (PPS)

Just a simple example - every little bit helps & then they'd have the option to sell those shares again at (hopefully) a higher price in the future to finance future deals.