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  • buysell1929 buysell1929 Aug 6, 2008 4:02 PM Flag

    A proposed $200 million stock repurchase

    Assuming a buyback price of $2/share $200 million buys 100 million shares which, all other things being equal, would raise the share price by $0.50 to $2.50.

    The smallest reverse split ratio would, again all things being equal, bring the share price to $6.00.

    What the board should do, if it wants to get the share price over $5.00 is do both the buyback and a reverse split.

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