Please read this quote from the press release I po
Post# of 17862
Posted On: 08/26/2014 2:32:10 PM
Please read this quote from the press release I posted yesterday very carefully. Then go look at a chart and look at the day-by-day volume since this was announced. I fully believe they did the buyback already. It is especially easy to see the second phase. With around 25 million authorized shares, it adds up pretty well since March to their 10% and 50% percent buyback predictions. Also, if you go look at every one of their last quarterly reports, they have sometimes taken over 2 months, so I think we will see some pretty big news in this quarterly. Will we see revenues? I'm not sure, but we could see some pretty exciting things. Please go read that press release.
Mr. Meier continued, "When you consider the Bayano project's size, tree volume and high value timber, all of these factors suggest to us that our current capitalization is significantly less than the projected net revenues from this single project. When you further consider the size of this untapped market, along with our global expansion plans, we believe now is a perfect time to commence a repurchase program. Ideally, we would repurchase as much as 10% of the issued and outstanding shares during the first phase of the program. If successful in achieving our reduction goals in the first phase, we would seek to increase our buyback by as much as 50% in a second phase.
Read More: http://investorshangout.com/post/view?id=1910...z3BWYavvXn
Mr. Meier continued, "When you consider the Bayano project's size, tree volume and high value timber, all of these factors suggest to us that our current capitalization is significantly less than the projected net revenues from this single project. When you further consider the size of this untapped market, along with our global expansion plans, we believe now is a perfect time to commence a repurchase program. Ideally, we would repurchase as much as 10% of the issued and outstanding shares during the first phase of the program. If successful in achieving our reduction goals in the first phase, we would seek to increase our buyback by as much as 50% in a second phase.
Read More: http://investorshangout.com/post/view?id=1910...z3BWYavvXn
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