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kennypooh

08/21/20 11:48 AM

#24457 RE: Tony77 #24455

There will be no buyback. State and federal Securities laws prohibit public companies from using 'Shareholder owned' corporate assets to buy back stock, or pay dividends, without showing financials to prove they have the 'excess' capital from which to do it (without depleting shareholder assets needed by the business).

The recent 10-Q did not show that?

“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge,,,even to ourselves...that we’ve been so credulous.” — Carl Sagan `