It is my theory that the company began buying back in january some of the 100M+ shares they covertly dumped into the american market over the past several months before that. How far they have gotten is the question. Obviously, they are not doing so in a way that raises the price. I doubt if they want to until they are largely done with the buyback. Why would they? For example, if they sold the 100M+ shares at an ave. pps of $0.20/share and buy them back at $0.042/share, well, we all can do the math and see the benefit to the company. In fact, maybe some of the boo-birds around here are somehow in their employ; wouldn't that be ironic? lol
A look at a 3 month chart's daily obv shows a 50M share drop since mid jan. That amount is equivalent to the fall in obv that took place from mid-may thru mid-jan preceeding (where the price dropped from $0.60pps to about $0.08 pps). Clearly the amount they have recently purchased is a lot less than that obv total of 50M shares, but retail interest has gone into the dumpster during that time so it suggests to me we might be surprised at how far they have gotten in their buyback, no matter what they have said in pr's.
In fact, they don't talk about the buy-back, or anything else, because it is in their interest to do so at the moment. I happen to subscribe to these theories, and because I own a substantial amount of the stock, I like to further delude myself with the belief that what they are doing is in my interest also because I refuse to sell at this point.
Patience is the watchword for me. Thinking in terms of months at least, if not years, here.
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