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Posted On: 01/08/2018 12:54:07 PM
Post# of 96881
Just got a reply back from IR,
IR confirmed buybacks if it is voted for will be done in 2018 as the "next calendar year" and not 2019.
Also, it is not 10% of revenue to be used for share buybacks, but 10% of profit! Which would make me assume revenues would be way more the 20,000,000 dollars since its revenue!
That's both better news than I ever expected.
Most excited I've ever been holding ntek for the last four years!
IR confirmed buybacks if it is voted for will be done in 2018 as the "next calendar year" and not 2019.
Also, it is not 10% of revenue to be used for share buybacks, but 10% of profit! Which would make me assume revenues would be way more the 20,000,000 dollars since its revenue!
That's both better news than I ever expected.
Most excited I've ever been holding ntek for the last four years!
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