NP - Been there - done that! :) Even at today's
Post# of 82672
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Posted On: 11/02/2017 2:06:43 PM
Re: Blinkeedotcom #5405
NP - Been there - done that! 
Even at today's .02pps it would be $20 mil to buy back a billion shares!
So it would be an expensive option this early in the game, and I don't think they would want to spend all of their settlement monies on that option at this point! But it was good to hear that he did not give a definitive "no way" response. If indeed we cross into the 100mil+ territory from settlements, then it might become a possibility! Having spent most of their history in debt, I would think they would want to hold on to a very substantial "rainy day fund", before considering a buyback! Just IMHO!
Either way, I don't think that option will appear as a viable option till much further down the road! Time will tell!
Enjoy your day, and I hope that our late afternoon buying support will show up and give us a strong green close today!
Even at today's .02pps it would be $20 mil to buy back a billion shares!
So it would be an expensive option this early in the game, and I don't think they would want to spend all of their settlement monies on that option at this point! But it was good to hear that he did not give a definitive "no way" response. If indeed we cross into the 100mil+ territory from settlements, then it might become a possibility! Having spent most of their history in debt, I would think they would want to hold on to a very substantial "rainy day fund", before considering a buyback! Just IMHO!
Either way, I don't think that option will appear as a viable option till much further down the road! Time will tell!
Enjoy your day, and I hope that our late afternoon buying support will show up and give us a strong green close today!
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SFOR STRONG!!! GO SFOR!!!
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