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China Information Technology, Inc. Message Board

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  • PutLovr PutLovr Jan 27, 2011 10:26 AM Flag

    CNIT - shares purchased /private co?

    I see that they announce authorization of a share buyback in September. But I don't see any filings that they have bought any shares back. Hopefully, when they file their 10Q we will see this. Otherwise you really have to question this company and its management. Talk is CHEAP. But to talk and then not follow have to wonder about the motives. Because if the stock was an attractive buyback in September, it certainly is now as well and if their financials are honest they certainly have the cash to do it. JUST DO IT.

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