If you're XOM mgt., you don't have to BUY later. The buyback takes shares off the market to be given to insiders as "stock awards" to be dumped back on the market. That's how you take $ belonging to ALL shareholders and cycle it thru the hands of a few luckt insiders..
You do get argumentation...just not from the standpoint you are ready to accept. Pumpers keep starting their arguments from the view that BLDP is a business with current production ramp-up and marketing issues and it's NOT. It's a concept company with expensive prototypes and experimental, limited applications.
Instead of framing your agrument as "What shade of gray is it?", the argument should be "Is it even gray at all?'
Actually, she's just half of a power political couple who will pander to the poor in any way possible to secure votes. She'll bankrupt the country in hand-outs and give-aways to get all the votes she can to get to the top. She's nothing more than an American Eva Peron.
Don't cry for her...cry for Argentina with its 1000% inflation, lost businesses, lost middle and upper middle classes, and lost world standing, They've never recovered from Peronism. We'll never recover from Hillary but...as a failed Secretary of State...let's take comfort in her most famous quote..."What difference does it make!"
Just think if you had bought this stock when you had a child...thinking it would pay for college. And, here you are over 20 years later and it's only worth a buck fifty!
You can make money on it though...just sell into the crazy, toilet paper written MOUs and rebuy when the stock goes down the toboggan like a greased pig.
HooWEEEE....you folks better be selling into this MOU pop. This stinking turd of a twenty year old company is going nowhere. Unless, of course, you are BLDP management. Then you have your lips permanently affixed to the corporate teet and can pull salary, benefits, and bonuses before it all flops ...again.
They probably didn't believe that anyone with a quarter million dollars to invest in one company would be wasting any time on a garbage board like this trying to sound like a player.
There is no news...just another application of the conceptual product in a limited, highly speculative, highly expensive use...and an MOU written on toilet paper. The market's answer is WHAM BAM WHAM BAM WHAM BAM
Thank You, Mr. Sheridan. I should send you a fruit cake. You're the answer to a short-seller's Christmas prayer. WHAM BAM WHAM BAM...right down the cr@pper again!
It's a 20 year old sham. An MOU is about as useful as a piece of toilet paper...but, those in the know will unload their shares on the new sheep and then it's WHAM BAM WHAM BAM.... bash this turd of a stock right back down the cr@pper! Back at the lows, they'll buy again for pennies and wait for that next MOU.
Too True. Buybacks often take money belonging to ALL shareholders and use it to buy shares back only to bonus and option those shares right back out to INSIDERS thereby benefitting only a FEW. Dedicating a buyback pool is NOT returning cash to shareholders. It's funding employee stock options and awards at the expense of all shareholders.
I think that there might be....um....um...um...an MOU out there...um...um...to maybe kinda power various...um...um..."As-Seen-On-TV" products with fuel cells. Yea...Yea...that's it....fuel cells for Clappers and Magic Bullets and Expandable Hoses and No-Stick Fry Pans. It's gonna be HUGE!!! This thing is goin' to the moon. (wink, wink)
BLDP does not have a product...they have a CONCEPT. They keep throwing the concept at any device needing a power source in hopes that some company will see wisdom and profit in the marriage. We've seen cars and buses and forklifts and generators and remote cell phone tower sources and... I hope some day that BLDP makes a success of one of them. But, even if it does, the best that can be hoped for is a Nokia scenario.
Nokia shouldered all the R&D to create the "Lumia" series of phones for Windows and just when they were ready to take off, Microsoft bought the division out for about $7 a share. New millionaires will be made on the Nokia deal but they won't be mom & pop shareholders who may have between 100 and 10,000 shares. It will be the insiders who in addition to drawing salary and benefits from the company during the long R&D process, also have built up stock options and stock awards and stock bonuses and stock grants and will in all liklihood just morph over to the new/ acquiring company. THOSE wil be your new millionaires.
The sunshine being blown around this board is merely to keep the stock afloat with rubes until the game might finally be won...by the fat cat insiders.
In a month we'll be around $1...maybe $1.30.
Then we'll get news of a "memorandum of understanding" with Scooby Doo Industries of Southeast Rhodesia to put fuel cells in wrist watches and the pumpers will tell you "BLDP is goin' to the moon!" That will flop and you'll wait a few more years til a new "memorandum of understanding" from Fli-Bi-Nite Corp of Southern New Zealand to put fuel cells in wheelchairs comes out and the pumpers will start again. Oh...and add a few more dilutions of stock in there with each new crazy scheme ...and then you'll be at around $1.30...and 20 more years older.
If you're going to use a horse racing analogy then let's be fair: BLDP is just the manure pile left behind from a horse that didn't fare very well.
Au contraire.... with more Americans that ever before having their lips guided toward the government teet, liberals may control the country for as long as they choose. Keep those "descamisados" in line and cue up Hillary's campaign music....Stand back, Buenos Aires,,,,because you wanna know what you're gonna get in me???