Direct Focus Inc. (DFXI) Message Board

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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: diddlysquatz who wrote (140)	11/11/1997 11:20:00 PM
From: trilobyte	Read Replies (1) of 768

the following is a possibility, as per my conversation with Rod Rice (it is my guess, not his suggestion): BFX wants to list on Nasdaq -it is afterall an american company--, but to do that, the share price must be above a certain level (5$?) for a while. This share repurchase may be a way to achieve that goal. Of course, listing on nasdaq would be accompanied by a secondary offering, allowing BFX to replenish its coffers... what is not clear to me is whether the shares purchased would be cancelled or used as pay package for employees. just a few thoughts. trilobyte

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