WADS +.0005 ready to uptick! Mr. Fabio Galdi,
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Posted On: 05/12/2014 12:20:59 PM
Re: Jerseyfish #20
WADS +.0005 ready to uptick!
Mr. Fabio Galdi, CEO of WDAS, said, “We are committed to maximizing shareholder value and this is another step and commitment towards that goal. We see the share repurchase program as a clear message to the market of the board’s view that the Company is currently undervalued. Therefore we expect that the repurchase of over 40% of the current float will help to provide a more stable stock price and trading environment over time. The Company will use some of the $3.6m cash received from Q1 revenues to help fund the repurchase, along with using the funds to invest further in current and additional technologies to grow revenue streams going forward.”
Mr. Fabio Galdi, CEO of WDAS, said, “We are committed to maximizing shareholder value and this is another step and commitment towards that goal. We see the share repurchase program as a clear message to the market of the board’s view that the Company is currently undervalued. Therefore we expect that the repurchase of over 40% of the current float will help to provide a more stable stock price and trading environment over time. The Company will use some of the $3.6m cash received from Q1 revenues to help fund the repurchase, along with using the funds to invest further in current and additional technologies to grow revenue streams going forward.”
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