If management are buying all those shares back, management has plenty of cash. Shares being bought back, 158,009.772 shares at .002 cents, equals $316,019.55? All at .002 cents, so it's not chicken feed being thrown around when it comes to the bottom line.
Also, what happens to the shares, are they cancelled or on sold ?
It also gives share holder's some confidence in the company going forward. If they can afford to drop $316,019.55 on a dubious exercise. Management must think MLS has a future.
MLS Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
