(Total Views: 241)
Posted On: 12/21/2017 1:40:50 PM
Post# of 22940
Share buy backs at this level is the best alternative because the stock is so cheap. For example, $100.00 equates to about a million shares minus brokers fees. The company has stated that they want to get down to 750 million shares. That means that there needs to be about 7.5 billion shares that will be bought back. This can happen with time, especially if this block chain business takes off. The market is so hot right now with these block chain stocks that it is impossible, nor prudent to make estimates on prices. I do believe, as an ultra conservative guess, we could see .0002-.0006. I do not speculate on prices, I let the market do that. From other stock I have seen, this can run fast and quick. Let's see. GLTA.
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