SAE salinas energy limited

share buy back

  1. 1,138 Posts.
    There is some rule where the highest price they can pay is 0.385 per share. This is on the disclosure announcements.
    Still over 11,700,000 shares they can buy back.
    Thus the management may possibly be rewarded by holding back good news, allowing more shares to be purchased back sub .385.
    This buy back may keep the SP from an undeserved low, but it may also have a capping effect at 0.385 as the pace from shady hollow is maintained for ulterior motives.
    Nevertheless, I wish I had purchased at the current levels.
    Just have to wait patiently...........zzzzzzzzz till the excitement returns.
 
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