Bill...about the Stock Buyback Program....
I am confused....my glossy from the company says the officers were being compensated in shares 'during the period from Jan, 1998 through May,1998." These shares ranged in price from .38 to .19 as partial compensation to 4 of the officers of the company. Then a little later in the year they announce a stock buyback program [BELOW].
Where did they get the money to buy back stock. IF I was invested here I would call the company and see how many shares they actually bought back.
Hey ...looky here...the burrito plant will produce an estimated $27 million USD in future revenue ...did I say 4 million???
Be patient with me Bill...I need someone to hold my hand as i wade through all of this.
Lazarus ---- doin' the devil's work.
PR NewsWire Adair International Oil And Gas, Inc. Announces Stock Buy Back Program
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HOUSTON, Oct. 21 /PRNewswire/ -- Adair International Oil And Gas, Inc.
(OTC Bulletin Board: AIGI) (AIGI) announces today that due to the current price of its stock, the company will begin an aggressive buy back program.
Jalal Alghani, Chief Financial Officer states the pending acquisitions plus the continuing dialogue with major power companies to develop the gas reserves and power plant on the CHIMICHAGUA concession in Colombia that will produce an estimated $27 million USD in future revenue makes the company stock a greatly depressed value and has trigged the stock buy back program.
The company continues to pursue cash producing oil and gas properties and has a number of financial partners ready to fund such acquisitions. ADAIR has no bank debt.
This news release contains forward looking statements within the meaning of Securities Litigation Reform Act that involves risks and uncertainties, including exploration, development, operational, marketing, and implementation risks, and other facts described from time to time in the company's public available SEC reports which could cause results to differ materially.
SOURCE Adair International Oil and Gas, Inc.
-0- 10/21/98
/CONTACT: John Adair of Adair International Oil and Gas, Inc.,
713-621-8241/
/Web site: aigionline.com
(AIGI) |
