I have to agree with that...Right now we are @ 3.5 Mill mc...a slow buy back spending $1.5 mill.as not to drive up the pps..would put a major spanking on the shorters..esp if we do the same along with the Co..but not to compete for the shares....just keep feeding in the rope to hang the shorters with!..Even though I like it when the shares are bought off the Ask...I try to buy off the bid ..for one reason..that I feel I'm getting short shares...shares that the crooks won't get to buy back until WAY higher Up!..Just trying to do my own little part to screw the manipulators while better averaging in and waiting it out...the caveat being ..any $$ put in has to be able to run the time needed..which could be years!
Could you just imagine the amount of new investors and attitude change here by many a iHub member if an upcoming PR said something to that end???
Imagine this:
PR (HMGP) August 21, 2008 "The continued very undervalued market cap of our company and recent insurance settlement proceeds of $1M will be used to buy back stock in the open market over the next few months. The shares were issued last year selling at market prices to allow us to quickly repair the KS leases damaged from the flooding."
Would love to see those short's and manipulative MM's wet themselves after reading that!!! lol
Reading your post got me to giggling like a maniacal comic book bad guy... LOL
I don't know if it's doable, but I sure do like the idea. I'd already given thought to a buyback, but I hadn't ever thought of doing it slowly over time... that certainly takes the cake and if it had the effects you describe, shame on me for enjoying it too much! LMAO!
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