What I mean by out of circulation is this.
if there are 3,121,339,730 ordinary shares
then roughly the market cap is 1.90 x 3,121,339,730 ordinary shares = $5,930,545,487
if the company buys $1.5 billion of those shares then it removes out of circulation 789,473,684 shares or 25% leaving 2,331,866,046 shares held by the market.
The market still values the remaining shares at $5,930,545,487 so $5,930,545,487 / 2,331,866,046 = $2.54
Overnight the stockprice would jump from $1.90 to $2.54 which means a rapid change in momentum for the stock upwards. People would climb on board inline with the momentum an push it higher to $4 $8 etc
Ryan
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What I mean by out of circulation is this.if there are...
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