Replies to post #21348 on EnviroTechnologies International Inc. (ETII)

[punk153]

You do realize that the company has to file paperwork with the SEC to retire shares and that the company can hold as many shares of its own stock as it wants before doing so, right?

Could it be that the company is just waiting to retire a large portion of the O/S as a way to defend against the shorts?

The best defense to a short-selling attack is strong fundamentals. Companies that earn money and do not need to raise capital are impervious to a short attack, and this is enhanced when companies continually update information and keep their stockholders informed. Further, companies that have a policy of never selling stock to short sellers close that fallback outlet. And there are additional stratagems, the most powerful of which are the repurchase of stockor the sale of the Company.

What do you know. Even the company thinks that repurchasing its own stock is harmful to the shorts.

The lower the stock goes, the more shares the company can buy back and the higher the company ownership of each individual share goes.

In theory, if HNSS were buying shares right now (and buying more of because of the cheap price), then my ownership in the company will also go up when they retire those shares.

Now if HNSS were to sell the company like they hinted at in the above quote, then this decline is actually good for me as an investor if HNSS is buying back shares because my ownership in the company is going up even though I may or may not of bought a single additional share.

Sounds good to me.

IMO

[Olanda]

The decline should now be over, this does not belong to a (respectable) well-functioning company !