4HEalone.... There is no logic behind talking bad or negative about a company that they own shares in..... but there is no logic behind someone that owns shares in a company and puts their blinders on and only look at the positive and ignores the negative. I think people/posts need to look and discuss both and base buying or selling decisions based on facts about the company.
I don't care if shares are restricted or not. The OS is the OS....restricted or not. For me its kind of looking at things in the worst case. The good this is that the company reduced the OS from 8bil to 5.5bil but on the same note only four weeks later its at almost....or maybe more than 7bil. The part that gets me is that they put false and misleading information out when they did the last share retirement only four weeks ago(the the part in bold below). A company needs to do whatever it takes to be successful but misleading PRs are nothing short of lying to shareholders. Honesty is important to me and I don't think its to much to ask from a public company.
from company PR
Prior to the beginning of this aggressive buyback program, Somatic Systems had approximately 8 billion shares of common stock issued and outstanding. Cancellation of this round of shares brings the structure down to approximately five-and-a-half billion shares, eliminating over one quarter of the company's stock.
The sizable elimination of shares has all been completed within the one month since Somatic Systems announced it would begin a massive share acquisition and cancellation program, to restructure the company's capital and grow share price without conducting a reverse split of the stock. Furthermore, the company has stated its intention to continue to acquire and retire additional shares.
How Can the company PR they intend to continue and retire shares and then turn around shortly after and dump about 1.5bil shares because they don't have any money. You can't intend to buy anything if you don't have the money to buy it.
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