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grubby1

07/04/11 4:51 PM

#17031 RE: silverlining #17029

None of you guys understand anything about how a buyback program really works. Trust me, and I know you won't, the worst thing this company could do with borrowed funds, is buy back its own stock at whatever price it's trading. You actually think it's a good strategy to retire stock to treasury when you have all these projects to fund?? It would by pure idiocy by management and they should be sued by their shareholders. The only reason for announcing a buyback is that management of a non-reporting pinkie hopes to dump more of their shares at a higher price.

You guys say their no shares for sale available?? There are tons of it waiting for a bid to show up that's for more than 5,000 shares. Why don't one of you weathly "longs" offer to buy several hundred thousand shares in the .03 to .04 range and see what happens...I mean you can't lose...right?
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Jerry1956

07/04/11 5:17 PM

#17033 RE: silverlining #17029

Yep it is going to be our turn very soon. Long and strong on BGMO.. GO HH... GLTA