Posted On: 07/10/2015 9:20:46 AM
Post# of 96881
Re: mikemc1001 #22834
In regards to buybacks, I assume anything can be written into a contract and with the low pps, NTEK may be putting clauses into the agreements for content where they can buy shares back at a later time at an agreed upon price. For example: Use 100 million shares to procure content for a year ($1mm) with the contingency that the shares can be bought back at the end of the contract at a price double the current pps ($2mm). Many companies would go for this. You can't really dump 100 million shares without negatively effecting the pps, so allowing a company the opportunity to buyback shares can benefit both parties.
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