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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: Scooter who wrote (2012)9/3/1998 10:17:00 AM
From: John D  Read Replies (2) | Respond to of 7609
 
LENEXA, Kansas--(BUSINESS WIRE)--Sept. 3, 1998--AmeriResource Technologies Inc. (OTCBB:ARET) CEO Delmar A. Janovec, announced Thursday that the board of directors have voted to repurchase 20% of the company's outstanding common shares.

This decision by the board of directors is the first step in the plan to refocus the new direction of the company.

I agree, great news, but if there are 210 million shares outstanding the repurchase would be over $2 million at .01/share, any ideas where the cash is coming from to purchase these shares? Does this mean they anticipate revenues along these lines soon, maybe a contract or 2 signed to give them the cash flow to begin repurchase. Jens or anyone, any thoughts on this?