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This could be a monster if it breaks through .0009 on this news: Winsted Holdings and Appletree BDC Begin Share Buyback Program and Issue Clarification Jul 25, 2007 10:18:00 AM Copyright Business Wire 2007 NORTHFIELD, Ill.--(BUSINESS WIRE)--
Winsted Holdings, Inc. (Pink Sheets:WNSH) and Appletree BDC Inc. announce a share buyback program effective today.
President and CEO Francis Manzo stated, "In the interest of creating shareholder value, Winsted Holdings announces its first share buyback program. The company plans on buying back up to 360,000,000 shares in the open market, to be completed over the next year. However, it can be completed at any time during the effective period starting today. The repurchased shares will be retired from the outstanding to the company treasury."
Winsted reiterates that the company's former CEO Mark Ellis is no longer involved with the company, nor controls any shares, common, or preferred. Appletree now controls all preferred shares. Additionally, in keeping with the strategy of Winsted being a business incubator, the company plans no 504 registrations, or other dilutive capital raising programs. Also, no reverse splits are planned due to both managements direction for the company and the SEC's investigation of the former management's potential violation of Section 23 of the 1940 Act, in this regard.
Additionally, the company is currently working on becoming current with their quarterly and annual SEC filings. We will be uploading files to the Edgar system as soon as possible.
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buying UP TO 360mil .. lol.. reminds me of those sales UP TO 75% off.. but not all items are.. just funny.. as don't as they don't dilute then it's all good
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Additionally, in keeping with the strategy of Winsted being a business incubator, the company plans no 504 registrations, or other dilutive capital raising programs. Also, no reverse splits are planned due to both managements direction for the company and the SEC's investigation of the former management's potential violation of Section 23 of the 1940 Act, in this regard.
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I think now would be the buying oppurtunity.
I see others averaging down, I bought some more myself. Looks a little active right now, and the direction of the company looks better too. Lots of shares for this one, but anything is possible. .0003 can be bought easily.
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I wouldn't be surprised if some major dillution takes place before/if she takes off. I only have a few bills wrapped up in this one. If she takes off great. If she tanks, R/S, or dillutes I'm out beer, gas, and blow money for the coming week.
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