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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: VBroady who wrote (2574)9/13/1998 9:04:00 AM
From: WFHSR  Read Replies (1) | Respond to of 5908
 
Reply # of 2574

You still didn't answer my question.

I said why would IDCN buy back their own shares if they knew there was nothing behind it.


I think it is a good question to ask. I havn't seen an answer yet either. I'm not blind or crazy. You make good points and I've learned from your posts. Buy why would a company buy worthless stock back only to reissue it later for more hype and PR to accumulate cash. That would be defeating their own purpose. (seems to me)

WFHSR



To: VBroady who wrote (2574)9/13/1998 9:11:00 AM
From: WFHSR  Respond to of 5908
 
After re reading the questioned post, this may very well be the answer why they would buy back the stock...

------------

This distribution can be a new public equity issuance by the company, called a secondary financing, or it can take the form of insider selling of seed shares or repurchased public shares, or both. This promotion and distribution actively results in more"supply" of stock and less incentive for the insiders to continue to promote The attention of real explorers now turn to building company with the capital required. In the case of scamsters, their attention turns to reacquiring the recently sold positions at lower prices so as to repeat the process In either case, lack of promotional focus generally leads to lower share prices after the promotion and distribution phase.

WFHSR



To: VBroady who wrote (2574)9/13/1998 9:34:00 AM
From: David Sirk  Read Replies (1) | Respond to of 5908
 
Could you just answer the question and stop playing head games. You bash away, but you are acting allot like Metals. You come up with all this stuff and when you are asked a direct question you don't answer. I will repeat the question for the 5th time. Why would they buy back shares in the company after they revealed that the company is worthless. Also I poised the question to you, "did you think that TUNS was somehow in cahoots with IDCN"? Also any further PR's that come out this week about drilling and testing and preparation of the Garnet mine. Are you saying that these are lies to perpatrated to take money from gullible investors such as my self? These are simple direct questions. If you can't answer them, then in my veiw you are not a concerned SI member but you are on some sort of other agenda. You seem to be anxious to share your opinions on this stock, now could you please answer these simple questions?