My take on the current buyback price is that .000
Post# of 22940
Posted On: 11/14/2016 12:18:40 PM
My take on the current buyback price is that .0002/.0003 is not definite price target for a buyback, but shows that the company is ready to support the pps with what they can if we experience further dilution. I would like to see the limit order be moved to .0007/.0008 but would rather see that happen when the company feels it has achieved enough news worthy events to publish out a NWE worth attracting the attention of new investors. It will help spur interest & market demand for shares with that strategy.
Also if the company spends $750k on a share reduction when say hypothetically it has only $1 million, it just lowers and lengthens the amount of shares and time it takes that could be purchased if the company had say waited a bit longer and been more conservative.
I want to see the pps leave trips by the end of this year and I think we are on track. Remember we still have one or two EIA contracts that were in process or pending further processing. One of which was a pretty lucrative oil contract that would have provided a decent revenue stream for the company. Hopefully we will get a follow up on that upon the next E-List.
Also if the company spends $750k on a share reduction when say hypothetically it has only $1 million, it just lowers and lengthens the amount of shares and time it takes that could be purchased if the company had say waited a bit longer and been more conservative.
I want to see the pps leave trips by the end of this year and I think we are on track. Remember we still have one or two EIA contracts that were in process or pending further processing. One of which was a pretty lucrative oil contract that would have provided a decent revenue stream for the company. Hopefully we will get a follow up on that upon the next E-List.
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