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e-Future Information Technology Inc. Message Board

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  • jtechkid1969 jtechkid1969 Jun 21, 2011 4:59 PM Flag

    Just my luck...

    Surprised we have not seen more insider buying or a buyback fhe Company .

    The insiders bought big around 5.37$ - 6 months ago
    The Compsny should finish the year with what 12-13million in cash which is basicly it's market value - they could buyback a most 10% of the company for 1.5million - the secter is a disaster but they need be more proactive on my view

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    • In reply to the statement, "The Compsny should finish the year with what 12-13million in cash which is basicly it's market value"

      What bothers me is that in the companies' financial statement they have less cash now-over 2 million US less than last quarter. And there is a brief note about some of that amount due to employee bonuses. How much? They don't state any amount. They were 1.7 million US short of break even and this bonus money might have been the difference. THAT IS BS,and STUPID if they want new investors!

    • Have you called the company?

      They can't buyback at the moment until the last few remaining convertibles are exercised by Hudson Bay Capital Management.

      They will buyback once those clear - they definitely seemed interested in the idea.

 
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