Thanks JP and wando. Seems like a buy back would have lots of good reasons. And moreover I don't think CF told you nonsense at the shareholder meeting.
JP; With the poison pill as part of Neom Managements arsenal. Could part of the deal that they are negotiating with the Fortune 100 company wanting a 19.9% stake in Neom be relaxing of the poison pill provision. Allowing the suitor to purchase those shares on the open market would go a long way in restoring stock price and market cap so that shares could be relisted on major exchange. I think Whattheheck is overlooking an important point. Cornell has the Neom shares in its portfolio and it appears they are touting shares to their investors and they do not appear to be preparing to turn around and sell shares as soon as they redeem them at Neoms disgression. They appear to have clients who want to invest in Neom. My intentions for the share buyback provisal would be that Neom would step in and buy shares at low points when they are undervalued such as the recent activity that took place in the previous past few trading days. If you take in to consideration the management stake plus the 19.9% stake that would probably make for the minimum 51% majority control.Thanks for those kind words in reference to those two R/B posts. GLTY