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Leto

02/15/10 12:17 PM

#82697 RE: GEO928 #82695

The buyback will commence soon after dean is back imo there's absolutely no speculation in what I just said. This is as real as it gets.
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Manti

02/15/10 12:18 PM

#82699 RE: GEO928 #82695

We'll see. I don't think things have changed that much from Aug, other than what month it is, and how big it is.

The lenders would not benefit from a rs if their allotment of shares is calculated at the time of funding; and they would benefit from a buyback, as it would give them a larger percentage of the company.... all of this of course assumes that there is value in the acquisitions and adequate cash flow from operations to not have to return to the equity markets.
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Sparce

02/15/10 12:18 PM

#82700 RE: GEO928 #82695

"he's working with borrowed money....the lenders are calling the shots..."
---> But it's not always up to the lenders as to exactly what & how it's spent. We don't have the details to make this kind of statement yet; unfortunately.

But even though I'm hearing that the buy-back is still going to happen (via rumor), I think my personal feeling is much the same as yours. What purpose would buying the stock have to benefit the company? I can't see any at this time.
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Bigdogs

02/15/10 1:23 PM

#82742 RE: GEO928 #82695

A good part of the O/S now is either Restricted or held tight by Strong Longs.


I really think you are underestimating how many shares Ihubbers and everyone owns.

I really believe that the Float is less than 200 million shares with most Longs holding for long term and this is getting tighter by the day.

Add the Buyback and this Float is almost going to be underwater if the Accumulation continues.

You have to look outside the Box and the way the stock moves.

It has traded from .015 to .03 several times extremely quick and this is because of the thin Float.

Wait until the Big news hits this Float will be gobbled up in Minutes by Investors
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ozz112

02/15/10 4:48 PM

#82802 RE: GEO928 #82695

I tend to agree...hate to admit it, but tend to agree. At 1.5 billion shares, an R/S will happen at some point. Just trying to keep it real. No company unless they have revenues of billions of dollars want to have that many shares on the big boards. So why would you want to buy back shares when you can just reverse split the hell out of them and make them disappear. I'm not looking for a buyback. I believe that is out of the picture at this point. The deals will still be huge even without a buyback and with an R/S...just not as huge as they could have been.