Advertising equals more debt...big debt...buyback would only help if "SEEK" retired all the shares they buyback, and that would have to be a lot. So, with that said. There is almost no way to get to single digit pennies here. It would be better for SEEK to buy at these levels, if they had the money, but apparently they don't. To buy at higher prices would be counter-intuitive. Thus, for "SEEK" to get actually move forward as a business or get current stock prices up, (again, assuming all things are on the level as all the pr's/CC state) they would need some entity/individual to front them enormous amount of money for almost nothing. Buyback shares while it is still very cheap(sub-pennies), retire shares, reverse split, and reduce authorized shares all pretty much at the same time. Then announcement "Awesome financials". There is no way, this sub-penny company will ever reach single pennies with its current structure. Just because, you say you will be in profit by such and such time/date, does not mean much. Until actual true financial figures come-out and I'm guessing this will have to be in the millions, not "100% turn-over improvement rate from previous quarter", yada, yada, yada...(what the heck does something like that really means, anyway).
JMHO
GLTA
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