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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?


To: Kevin G who wrote (1498)12/22/1997 3:10:00 PM
From: Anthony Marks  Read Replies (1) | Respond to of 7111
 
Very bullish Radica IMO! Thanks Dave. I think a buy back plan will make the stock much less attractive to shorting if there is a chance the Co. might pull the rug out. I think a shorting MM might steer clear in the future. Radica may however have to employ the plan to make a point and get the message out.

My only worry is that this will decrease the float. What is the plan for selling the shares? How is this done without puting pressure on the stock. Does the company have to file to sell? Anyone?
Thanks, Anthony



To: Kevin G who wrote (1498)12/22/1997 3:16:00 PM
From: Jimmy Dell  Read Replies (1) | Respond to of 7111
 
Kevin, Stock buybacks are good when they in fact happen, but the point Ron was making I believe is that companies often announce possible stock buybacks but then they never materialize. Some companies use announcements like this as a gimmick. As a result the street can be somewhat skeptical. I have every confidence that RADAF means what it says, and I have no reason to doubt them, but to the street this sort of thing can often mean little until there is proof. It would be nice if it had an impact of discouraging shorting. Proof of the buying back would probably help in that regard, so I'd love to see it happen.

The level at which RADAF would start buying is what I am curious about. According to the cc the last time they seriously considered buying back was on 10/28, when the stock briefly tanked to 10. It would be nice if a less dramatic decline than that could trigger some significant buying back.