SNX 29.3% 5.3¢ sierra nevada gold inc.

If the MD buys shares, then announces a buy back, like his front...

  1. 3,353 Posts.
    If the MD buys shares, then announces a buy back, like his front door bell will ring...."ding a ling a ling".

    'Mr X here from Securities Commission, please come down to my office for a chat re insider trading'.


    Please show a little common sense. Moreover, he is just buying up shares to show faith. If they do turn cash positive, then the big pile of money is largely redundant unless they want to buy other companies. And if the share price is the low, then the smartest way is to have a share buyback and clean out the weaker sh'ers, but companies usually go down the capital reconstruction route.

    I would be quite happy to retain % of shares in a smaller company, but would prefer to see a buyback.
 
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