That's great news!My guess is they probably also bought the block of 100 thou that was traded on Jan 29. That means that Wilc owns Apprx 70% of shares outstanding. They invested 2 and half million in the buy back- I'm sure for good reasons!
The extra shares could be used in numerous ways.Could be held for for appreciation as profits rise-could be used in buying other companies once price appreciates-could be sold to investors at big profit once shares realize their true value.Whatever- this is a big plus for stockholders. hang on for the ride!
In addition to the half mil Shares bought by Wilc on the Nasdaq-Zvi continues to buy shares of Wlfd on a daily basis on the Tase.Over the past 3 days he picked up another 17,000 shares.Insider buying is usually a positive sign!