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Lihua International, Inc. Message Board

  • spacecadet_111 spacecadet_111 May 13, 2011 3:12 PM Flag

    Repurchase Limit

    Can someone confirm -- is the company limited to 25% of the 4 week daily average volume when it buys back shares? If so, that's only about 50K or so unless I'm missing something. Might help some, but will it really move the dial? Or, am I wrong about the limit?



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    • elpasojet May 16, 2011 1:06 PM Flag

      It is a bullish signs to me. If you already knew there are scam going on in LIWA, short should let it rans up then short more at the top unless the mob boss said short the whole sector until their mission is accomplished. If that is the case, LIWA will rebound for sure because buyback will boost the legitimacy of the company, blanket shorting can result in violent rebound when mob boss finished with this sector.

    • tdcburns May 16, 2011 12:52 PM Flag

      Yep, someone just doesn't want this to run. At least not yet.

      The million dollar question is when and if they will ever let the true value of this gem be reflected thru its stock price?

    • elpasojet May 16, 2011 11:15 AM Flag

      Someone is continue selling right after every purchase to keep the price low just like the rest of the sector. They are determine to discourage buying until some big boy decide to joint in LIWA, looks very tactical.

    • More volume than normal.... are they buying can anyone confirm?

    • Yes thats correct, 25% of the 4 week ADV. Even if the 50,000 does not do a lot moving the price up, It continues to verify that this company is legitimate and deserves a correct validation. as long as thay keep delivering on their promises this buble will burst.

      • 1 Reply to bmj105i
      • I don't disagree with that part of it, but at those share levels what you get is the company putting in a floor to protect the falling price, rather than being able to trigger a rise. I guess if the stock is stable during the day then 50K shares later in the day could create some upward pressure. Key I think is to drive ever increasing volumes so that the limit keeps going up over time. So, for example, if you are trading 200K shares a day on average and can buy back 50K shares, if you have one day of 1MM shares that number goes up to over 60K the next day.

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