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Citigroup Inc. Message Board

  • ghall222 ghall222 Apr 15, 2010 6:38 PM Flag

    My thoughts about reverse split and buyback

    I think Pandit has a plan....to punish shorts.

    Neither will happen as long as the Gov owns shares or warrants. It will happen after C regains permission from the Gov and bank regulators for doing buyback.

    I feel it will be a RS of 1:10 and immediately afterr that C will be buying shares like crazy...to prevent the price from dropping and to punish the shorts that would have just pulled the trigger.

    C has better things to do with that $200 billion in cash than to buyback 20 billion shares.

    The RS/BB combo would do the same thing at much less cost to the company.

    And shorts would have been crushed.

    C will be around $8 to $10 before they regain permission for any buybacks.

    There you go....I'm just being realistic....this is what I would do if I were the CEO.

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C
48.91-1.08(-2.16%)Jul 31 4:00 PMEDT

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