Ann: Update - Notification of buy-back - BRK, page-16

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Chillicop

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22/05/23

08:43

Post #: 67889900
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Originally posted by NotRelevent: ↑

no way they would want commit to that or say such a thing.
Might as well say "don't sell shares cheap we will pay 50% more then current sp for them".
We want the company to buy as many shares as possible at this price.
Plenty of time left, I would be ok with them continuing at this price or maybe go up until .016 and play hard ball until we are close to the June quarterly release.
Then maybe push the sp up to 2 cents along with the strong news to hopefully support it.
Will be a LOT of people willing to sell around 2 cents I reckon so if the company is only willing to commit $6.5m on the buyback rather then going by a flat number of shares then the buyback liquidity could run out as people relentlessly sell into it.

Then we could get sold back down to here again as people try to get out while they can at a decent price as support fails to maintain sp.
Our main problem is still the fact we have an endless amount of sellers but very limited buyers and unfortunately I can't see us getting strong buyers support in the 2 cent territory considering people won't even buy at .017 now.
All this is just my opinion but it's how I see it going.
We are generally not a well liked or supported stock from what I have seen.

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While I agree with you, by stating to the market they wish to buy back x # shares / a $ value, they are kinda saying that they will be paying more ..or we will see a no change in SOI and or one would expect no change much in SP. Maybe a question phrased along the lines of what price they think is fair value would at least give some indication ...

BRK Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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