Replies to post #38011 on KMA Global Solutions International (KMAG)

[ameen123]

Guys,
Sorry I was away for business meetings for few days

The company has decided to reduce the authorized shares from 1B to 750M! This doesn't have any meaning unless the company decides to reduce the outstanding, if happens KMAG would most likely hits 100% increase in one day! As you have seen recently, the news comes out very often so load as much as you can before you get surprised with the buy back, buy back in the horizon for sure and will happen mostly this week or early next week

Buy back means company will buy shares to reduce the outstanding and obviously the float, this increases the dividened and EPS which will increase the stock price madly

[rand0m]

i like the consolidation so far folks!

[rand0m]

11% down, it's close enough that option 1 is still valid!

[PennyPincher12]

Jeff has been throwing out so much news, don't be surprised if there's something announced at the bell! I'm personally hoping that they announce a share buyback soon. Depending on what they buy back (a # around 100mil shares), you could see a 30-50% move on that news alone!