How, pray tell, are you going to buy back 100 million shares when you have no money? By creating debt. Just when you eliminate it, you create it. What a shame.
These guys are always going to spend $2 even when they have $1 in their pockets.
You also talk like day trading is a bad thing.
When this thing spikes up and down and up and down %300 giving you the opportunity to more than double up every few weeks, how is that person ignorant? As long as I have morons like you hating me, I never have to wonder if I am doing the right thing.
Even if they cashflow this, your only talking $2M..
Dont get me wrong I am glad they are doing it, but why issue 800 million shares in one quarter with NO ANNOUNCEMENTS and then ANNOUNCE buying back the pittance of 100 million shares.
smoke and mirrors.
I only hope that Bluher is now in control of this company.
I have come to the conclusion that the yahoo board is full of crap.
The dilution that happened was in all the finance deals they made, so how is it that you think they didn't tell us? They issued the convertible notes because they needed money and now they can run off cash flow and they are correcting the dilution that happened due to their fast growth with a stock buy back.
What more do you people want?
The thing is everything is happening so quick with this company. Seems like every week they are getting new deals. I honestly think they announced the issuance of 800 million shares as a precaution, but once they got that debt deal finalized they don't even need it anymore. Now that the situation has completely reversed i think thats why they are buying back all these shares that were issued within the past 6 months or so since they are now out of debt.
they have until the end of the year to buy it back, and they don't have to buy it back all at once. Does not say they are financing it to purchase their own stock back. They will most likely use cash on hand to purchase it back throughout each quarter.