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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: Safe Cents who wrote (3427)2/3/1999 2:44:00 PM
From: SCOOBEY-DO  Read Replies (1) of 4767
 
Just for clarification:
<<Regards to insider buying of ETPI stock, I would prefer that they spend their money in other venues.>> This sounds like "stock buy back" to me.
Insider buying is when officers of a corporation buy stock, of the company that they are employed in, for their private holdings. Stock buy back is when a corporation uses excess corporate cash to buy back corporate shares and put them into treasury or retire the shares.
Some times companies find that the best investment they can make is to buy corporate stock. Stock buy back benefits shareholders by reducing the number of shares outstanding.
Scoobey
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