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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.007000.0%Nov 28 9:30 AM EST

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To: Brian H. who wrote (1333)10/8/1998 6:58:00 PM
From: David Smith  Read Replies (1) of 3222
 
I for one have no problem with him using cash to buy back shares. Remember, we just retired 10 Million shares. We have all kinds of shares available for additional acquisitions

No, cash is king. You don't use cash to buy back shares and then use shares (at a discount) for additional acquisitions. Keep the cash reserves if you can do something constructive with it later. Cash is better for negotiating, not shares (unless you don't mind giving up a disproportionate amount of shares).

David
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