LASERPACIFIC (lpac) Message Board

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Microcap & Penny Stocks : LASERPACIFIC (lpac)

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To: Bill Fortune III who wrote (519)	11/13/2001 6:11:21 AM
From: NAG1	Read Replies (1) of 542

I believe the report said that they would buy back as much as 2 million dollars worth of stock. To make the numbers work a little easier, if they bought it back at an average of 4 dollars a share, then they would take about a half million shares out of circulation or about 7% of the outstanding shares. It depends on the share price someone at lpac thinks that lpac needs to defend, possibly to prevent some type of takeover or possibly to allow a takeover(pure speculation here) at a more reasonable price. Depending on how many shares are bought, it could help increase earnings per share slightly and make the numbers look better. Should lpac decide to defend a $3 per share price, then the buy back would encompass about 10% of outstanding shares. The way things stand right now with the present information, I would wait for about 4 dollars a share and sell some of my position and wait it out with the rest. Just my opinion though. Good luck everybody. Neal

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