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Message: Re: "the share buyback ship has sailed"... @SGE1
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Apr 07, 2008 05:20PM
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Apr 07, 2008 06:02PM
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Apr 07, 2008 06:41PM
"Obviously, it didn't, ergo, PTSC didn't see that light and do IMO the smart thing - the smart thing on multiple levels (reduce float, captialize on PPS appreciation, remove S&L, just to name a few)."
 
That is exactly the point I can't believe:
To assume, that the board wasn't intelligent/capable/smart enough to do, what you and EVERYONE on the worldwide messaging board suggested the last 20 months.
Because IF I believe this, it would destroy every bit of trust I have in the company...;-)
 
BTW, I didn't mean, that Patriot had to spend tens of millions in order to stay above $5, but to realize a share buyback, which is considered to be a buyback in terms of the amount of shares (at least more than 50mio shares to reduce the current OS significantly).
 
But I lay this topic to rest, it's all theory and I promise to end any thoughts and theories NOW, because I want to see FACTS!!!
 
Hello, Mr. Goerner, can you hear me?
 
;-) 
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