Award of Special Merit: CEO division....emphasis mine:
<<<<Infocall Announces Share Buy Back Plan
VIENNA, Va., June 4 /PRNewswire/ -- Infocall Communications Corp. (OTC Bulletin Board: INFE - news), an emerging leader in Internet-based staffing and employee leasing services, today announced the Company's Board of Directors has authorized the company's CEO, Tom Richfield, to commence a buy-back of outstanding shares of the Public Float beginning June 5, 1998.
According to Infocall CEO, Tom Richfield, ''We feel the current Infocall stock price is significantly undervalued and as a result, we will now commence a serious effort to buy back public shares until the problem is corrected.'' >>>>
Hmmmm... if they were serious about a share buyback, why didn't they begin it three weeks ago when the stock was under .20? (It was $4 when the buyback was announced yesterday.)
I guess it wasn't "significantly undervalued" then? This is the first time I have seen a company refer to its 2,000% jump in stock price as a "problem".
This couldn't be a ploy to keep the stock at such lofty levels... could it? At any rate, it didn't work. The stock lost over a half point today. |
