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Coffee Holding Company, Inc. Message Board

  • jasvirdi1 jasvirdi1 Jul 20, 2014 1:08 PM Flag

    JVA Buyback

    does anyone have any info on the buyback that is/was in place??I can't seem to find any info on it. Thanks in advance.

    Sentiment: Strong Buy

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    • Something to point out about the buy back is they announced this buy back when the stock was $5 and even dropped to $4's. They didn't buy any shares back at that price.

      Also the CEO sold $1 million of shares. I wonder if the 1 million buyback was somehow part of the CEO's plan to sell $1 million of shares.

      • 1 Reply to thestockinvestor
      • The CEO sold shares on April 9 and 10, and as of April 30, the company did not repurchase any. I still maintain that the timing of the CEO's sold shares could have been done to raise money to pay taxes. April 10th was the last day shares could be sold this year and settle in time to pay taxes by the April 15th deadline. I was forced to sell shares on April 10th of companies I did not want to sell to raise cash to pay my taxes, and this is the same day that Andrew Gordon sold. It will never be divulged why he sold but I honestly believe he did it for the same reasons I did. To pay capital gains taxes.

    • As of April 30, 2014, they did not repurchase shares from the authorized $1 million buyback approvied in January 2014. The next update on whether any shares have been repurchased will likely be announced mid September.

      If the company was on it's toes, it would have repurchased shares right after the Malaysian plane crash when an investor panicked and sold 1% of the company (60k shares minimum) as a market order causing a 12% decline in a few minutes.

 
JVA
5.11-0.09(-1.73%)Jan 27 4:00 PMEST

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