Short??? haahaa. better than that is the company s
Post# of 11038
Posted On: 08/21/2015 7:56:58 PM
Short??? haahaa. better than that is the company still buying shares up.
TheSittingtight1 Friday, 08/21/15 06:17:16 PM
Re: bobmarko post# 17503
Post # of 17554
Short??? haahaa. better than that is the company still buying shares up. With today's volume of 323,426,430 20% would be 64,685,286. Any one want to take a guess on how many they retired just today?
just for giggles lets say 50 million at a average of say .004
50,000,000X.004= $200,000 now we know that the PR said they bought up another 35,634,860 as of the 20th (yesterday) We also know as of the 13 there was 242,823,237 issued. We also know that the BOD authorized up to $1.5 million to repurchase their stock.
As of yesterdays close the issued would have been 207,188,377
242,823,237-35,634,860= 207,188,377
Now all this to date (yesterday) cost the company a total consideration of USD $486,922.00. for 131,384,860 common shares. that would leave $1,013,078 to continue buying shares. We subtract the $200k from the $1,013,078 and they are still left $8013k to buy more of the 157,188,377 that would be left IF they bought 50 million out of the market today.
If the volume stays high all next week, the company could buy almost all of it's stock out of the market except mine.. LOL The potential full buyback would have to take place at around .00517 or less just depending how low starting Monday they can buy them.
now if this was a perfect scenario, by mid week this stock could be trading what was left (say 30 to 50 million) on the table way over dollars or even tens of dollars.
That is what is exciting going into next week and waiting on PR updates as to the buy back and corporate happenings.. LOL
It has been one hell of a ride so far. Have a great week end all.
Sitting Tight
TheSittingtight1 Friday, 08/21/15 06:17:16 PM
Re: bobmarko post# 17503
Post # of 17554
Short??? haahaa. better than that is the company still buying shares up. With today's volume of 323,426,430 20% would be 64,685,286. Any one want to take a guess on how many they retired just today?
just for giggles lets say 50 million at a average of say .004
50,000,000X.004= $200,000 now we know that the PR said they bought up another 35,634,860 as of the 20th (yesterday) We also know as of the 13 there was 242,823,237 issued. We also know that the BOD authorized up to $1.5 million to repurchase their stock.
As of yesterdays close the issued would have been 207,188,377
242,823,237-35,634,860= 207,188,377
Now all this to date (yesterday) cost the company a total consideration of USD $486,922.00. for 131,384,860 common shares. that would leave $1,013,078 to continue buying shares. We subtract the $200k from the $1,013,078 and they are still left $8013k to buy more of the 157,188,377 that would be left IF they bought 50 million out of the market today.
If the volume stays high all next week, the company could buy almost all of it's stock out of the market except mine.. LOL The potential full buyback would have to take place at around .00517 or less just depending how low starting Monday they can buy them.
now if this was a perfect scenario, by mid week this stock could be trading what was left (say 30 to 50 million) on the table way over dollars or even tens of dollars.
That is what is exciting going into next week and waiting on PR updates as to the buy back and corporate happenings.. LOL
It has been one hell of a ride so far. Have a great week end all.
Sitting Tight
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