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Will run it up the flagpole with mgmt and see if we can get any type of response.
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Thank you, Palm. We look forward to your report back.
If you look at IOC you see the following picture:
Regular funds etc: 42 M
Shorters: -12
Freefloat 20
Total 50
Because of the shorting the freefloat increased by 12 M. A sharebuyback reducing the free float would be the most effective way to fight the shorts. A side effect of the share buyback would be the leverage effect. By reducing the sharecount, the sharevalue increases.
Let us assume a share buyback amounting to 10 M shares which costs at this moment 660 M. Company value after deal 10 B. This would imply an increase in sharevalue from 200 to 250 USD.
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Investment Bankers were hired to sell a stake in E/A. I do not understand what and why they give any advise on anything else. This nonsense has gone on for long enough. I, for one, do not want to wait any longer for market manipulators to have their way with an investment that I put my hard earned money into. Not maybe tomorrow "after a deal" with lofty expectations. Time to do something NOW!
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Have you?! (owning a stock in a company that has does not count)
Ibankers work for IOC BOD and their main focus is getting paid. That happens when a deal is signed.
You have been touting that the IBers are advising this and that for over a year. Well a year has passed and NOTHING happened. Time for the company and us grassroots shareholders to take action NOW, not soon, or imminently. Hoping that something will happen is not good enough for me.