Thread regarding ION Geophysical Corp. layoffs

Stock Repurchase Program

Ion announces stock repurchase program - see link below. Key sentence here -"The stock repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion." Wild guess here - the privately negotiated transactions will be from Brian Hansen and his cronies at a price that is not related to market rate. This is a way for them to recoup some money from company funds and dump worthless stock before the company goes under.

http://finance.yahoo.com/news/ion-announces-stock-repurchase-program-214600471.html

by Anonymous192336
| 1681 views | | 4 replies (last November 7, 2015) | Reply
Post ID: @OP+Ej8DE1s
Comment! It's anonymous!

4 replies (most recent on top)

Probably a ploy to increase share value by creating the illusion of some demand (from the company) in an attempt to get the share value back above $1. It failed - share price is back down to $0.37.

by Anonymous195530
| | Reply
Post ID: @2LzF+Ej8DE1s

Q3 report hinted the death of the company. Repurchasing just a trick to prolong the last breath.

by Anonymous193901
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Post ID: @z9Y+Ej8DE1s

And with what money will they buy the stock back? Apparently they had to lay off half of the company so we aren't exactly swimming in cash right now.

by Anonymous193607
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Post ID: @VNc+Ej8DE1s

Knowing the assholes up top, that sentence sounds really shady

by Anonymous192780
| | Reply
Post ID: @LzX+Ej8DE1s

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