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MagicAardvark

08/16/19 4:05 PM

#91948 RE: uvaphd #91946

While I agree this "could" happen, I think its highly unlikely for a company in very early phase to buyback extreme amounts of stock. It would require a decent amount of capital that could be used for growing revenue.
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Lonewolf1

08/16/19 4:19 PM

#91949 RE: uvaphd #91946

Yes, I’m sure the perpetrators of this wildly successful share selling scheme will step up and contribute all the millions of dollars earned from selling shares and do a MASSIVE share buyback.

Yep.
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uvaphd

08/16/19 4:23 PM

#91950 RE: uvaphd #91946

Bear in mind that the ENTIRE MC is a little over $1M—so the buyback and retirement of, say, 100M shares would cost around $100K. NOT wildly improbable during the remainder of 2019, imo...
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MacDaddy305

08/16/19 6:20 PM

#91959 RE: uvaphd #91946

Massive buyback? Revenues generated? Those two don’t really go hand in hand.