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QBID: Triangle Multimedia Inc.
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[QUOTE]Originally posted by GatorMan: [QB] [QUOTE]Originally posted by SummertimeBug: [b] My guess is they started their buyback on about Feb 23rd. 200M per day x 18.75 days = 3,750,000,000 shares. Which is half of the estimates 7.5 billion outstanding shares. So as of the close yesterday, I am guessing they have already reduced the o/s shares by 1.6 billion (200M per day x 8 days). Just a guess. But if buys are beating sells by a 5:1 ratio, it makes sense to me. [/b][/QUOTE] That would be nice, but at an average price of say .0015 that would be about $8 million. Do they really have that much cash to put into a buyback? [/QB][/QUOTE]
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