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2future4u

09/17/08 2:40 AM

#110704 RE: Wayne R #110655

Wayne R that's exactly what I meant - put them to treasury instead if retiring them thus not changing O/S:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32203160
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itlogic

09/19/08 5:15 PM

#110968 RE: Wayne R #110655

Sorry for the delayed reply, I was away. Anyhow, it doesn't matter if they buy it back and return it to the treasury, retire it, burn it or flush it down the toilet. It is taken out of the O/S when the company buys it back. That is one of the reasons for a buyback, to lower the outstanding shares. Read this definiton of what it means to return the stock to the treasury. It's interesting!

http://www.investopedia.com/terms/t/treasurystock.asp