Nanophase Technologies (NANX) Message Board

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Technology Stocks : Nanophase Technologies (NANX)

NANX 1.733

-1.0%

Apr 7 5:00 PM EST

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To: MARK C. who wrote (158)	4/28/1998 11:54:00 PM
From: WWS	Read Replies (1) of 322

Mark, I respectfully disagree. Why would NANX want to buy back shares just six months or so after their IPO? The fact that they did an IPO means that they needed cash for business purposes (e.g., research, production facilities, etc.). And, if they have cash to buy back shares, then the source of the cash would likely have been the very same IPO--shares of which they are now buying back. I believe that a fledgling, growth-oriented company such as NANX should dedicate its resources and energies totally into growing the business. Using cash to retire shares doesn't "grow" the company, and growth is what I wanted to see when I bought NANX shares. So, I'd be disappointed to discover them buying back shares at this early stage of development. Best Regards, Bill.

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