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Let me try to clarify the statement about how much CAN be repurchased: Under a pooling of interest rules within 2 years of an acquisition, repurchaes may be made to support any plan in place or to be put in place (in this case the stock option plan already in place). The SOP calls for two million shares. CAN they buy that amount at these prices, I think not, but who knows at what level they feel is a bargin price and advantageous. So to say TWO MILLION shares would be bought would sound rediculous and perhaps ludicrous and perhaps misleading, and if there is one this this company does not want to do it is to mislead either purposely or mistakenly. The above is synthasized from a source who knows the rules and has been distilled into a language most of us can understand. In escence, the above is a loose translation and not word for word, so anyone else with a CPA background have a go at it. Let's see what tomorrow brings, and good luck to us all. IMHO, that is why there were no specifics, also in other release there is usually an out like "upto", or time limit or "at prices deemed ..." who eve really knows how much is bought, there is no trade the next day for XXXX shares, weather the co is big or small. We can probably see the purchases by looking at shares outstanding qtr by qtr. |
