(Total Views: 293)
Posted On: 02/03/2017 9:22:52 AM
Post# of 96895
Unfortunately, share buybacks for the most part are artificial ways to prop up the share price temporarily at best.
Why try to prop an already manipulated, artificial share price ?
They are a good thing to do for if a company if they don't want to have a lot of extra cash lying around of if they have an extremely high float.
NTEK does not have extra cash to do that. It would take cash away from things that need to be funded to for the company to move forward (like audited financials, additional content, etc)
So, the question is......do you want an artificial, short term bump in share price from a share buy back, or do you want the company to invest it into something that will build long term shareholder value ? JMHO
Why try to prop an already manipulated, artificial share price ?
They are a good thing to do for if a company if they don't want to have a lot of extra cash lying around of if they have an extremely high float.
NTEK does not have extra cash to do that. It would take cash away from things that need to be funded to for the company to move forward (like audited financials, additional content, etc)
So, the question is......do you want an artificial, short term bump in share price from a share buy back, or do you want the company to invest it into something that will build long term shareholder value ? JMHO
(5)
(1)
