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Author Topic: Reduce share numbers
Persia
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How can a company reduce their share total without using a Reverse Split?
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
kermit42
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The company can buy them back and retire them. BKMP is in the process of doing that right now.

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Me Trade Pretty One Day.

Posts: 815 | From: NYC | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
A.J.
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Does that usually mean the stock price will rise with buy backs? Is this a good thing?
Posts: 188 | From: MISSOURI | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
T e x
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quote:
Originally posted by kermit42:
The company can buy them back and retire them. BKMP is in the process of doing that right now.

a genuine buy-back--if meaningful to float proportion--should definitely help: supply v demand...simple

whether BKMP is actually doing so....eh--who really knows?

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Nashoba Holba Chepulechi
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Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Relentless Despot.
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You won't see a real buyback on the pinksheets..
It's all a game to get more people to buy shares..
It takes money to buyback shares.. these companies are on the pinks because they lack money.. therefore... no buyback is possible.
Reverse split is the only way pinks reduce their shares.. usually followed directly by issuing more shares.

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imakmony2005
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usually followed -KEY WORDs THERE
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The Bigfoot
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Oh they'll do a buyback...and then they will release just as many shares as they bought once the pps rises and fill the coffers.

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No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
   

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