Rellee - corporate buybacks are governed different
Post# of 15187
Anyone that hasnt read the rules should look up the SEC rules to understand the mechanics. Because this stock is lightly held- the company would be hard pressed to buy back a significant amount of shares before the price was driven up and making the shares too expensive with limited cash. This is what several have referred to about likited effectiveness of a buyback.
As far as damage done by other board to company/stock - it seems extensive and expansive. Calling store owners, dealers, SMS, harassing and threatening them and posters, blatant lies, filing false PRa, etc. If $HJOE has hard evidence of this as was alluded to in suit - it could be a significant turning point in the trial/willingness to settle. KBM has the most to lose by far. While they need to fight back early so they dont put a big target on their back for other lenders to make the investment (in suing/counter suing), the ROI quickly tanks when the negative exp9sure and PRs begin to mount. Ket withHJOE and others is the cash flow/ability to fight back. Most companies have been so badly damaged by the toxic loans/shorting - they have no cash and worthless stock and thus no means to hire competent counsel. HJOE has a firm with extensive experience in this realm and unlike the Plaintiff - hasnt had a revolving door for their counsel.
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)