Origin Seed files 6-K form initiating share repurchase program.
SEED would be able to but about 3 MM shares at current prices
out of about 23 MM shares outstanding.
Origin said in its filing that the program was for the next 12 months.
Considering the near 40% ownership of SEED stock by top
management,this Bartender expects that positive cash flow this
This year the share repurchases will be used to expand the share repro program
and shrink the float.Based on current prices,SEED could buy in more than 3 MM shares
of its 23MM shares outstanding this year.
This stock is on itsway back to previous highs,above $10/share