Replies to post #39495 on Halitron Inc (HAON)

[evangelico]

The O/S goes down after they are done buying back. Read up on share buy backs..... You people don't seem to understand how this works. Shares are canceled after repurchase or treasury AFTERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR they are DONE BUYING BACK SHARES, NOT WHILE THEY ARE BUYING BACK.
You guys need to do some serious DD on stock buybacks because a lot of people really don't get it.

BREAKING DOWN 'Share Repurchase'
Because a share repurchase reduces the number of shares outstanding, it increases earnings per share and elevates the market value of the remaining shares. After repurchase, the shares are canceled or held as treasury shares, so they are no longer held publicly and are not outstanding.

After repurchase, the shares are canceled or held as treasury shares, so they are no longer held publicly and are not outstanding.

After repurchase, the shares are canceled or held as treasury shares, so they are no longer held publicly and are not outstanding.

https://www.investopedia.com/terms/s/sharerepurchase.asp

[bucks2pennies]

Consider a look at it this way E: the company is buying back but they are treasury shares intended to be reissued. HAON also has the ability to issue new shares and they do (still below the A/S total).

If they reissue all treasury shares and add in new issue, the O/S and invariably the float goes up. Not a mystery to me.

The mystery to me is WHAT ARE THEY DOING WITH THE CASH FROM SELLING THOSE SHARES? Conceivably they could even make money by selling treasury shares at a profit from purchase price (buyback at 2, sell back at 3 - a 50% profit give or take).

Just waiting on getting news of where all of this money is going - got to be doing HAON some good and in tandem, share holders would eventually expect to see some green rather than these low prices.

[TRIPLE_ZERO_SEVEN]

Was the O/S supposed to go down? I dontnthink so.