when RIO did share buy back, they allocated the funds and then did the buy back over the year in tranches. Cause otherwise, a huge buy like this would manipulate the s/price...so it has to be done so in a managed /orderly process
I think in this instance easier to do so as a special dividend at a per share based on average share price....i'm not a lawyer but i feel corrupt GFoster is scheming something to get the 25% interest in TSI for free
BUT i agree with the above that rather NEW management /board and we get back to business
VOR Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held