Originally Posted by
investyoung
For Just Sirius from the HUUB:
Authorized Shares 750,000,000 as of August 13th, 2009
Outstanding Shares 319,836,491 as of Sept 8, 2009
Preferred Shares Authorized 50,000,000 as of March 7 2009
(Non-Convertible, None Issued as of March 2009)
Float 147,703,004 as of Sep 8, 2009
Greg, good attention to detail on your part. You made me go back and take a look at that PR and this is what I found:
"the board authorized upon completion of funding of previous announced acquisitions Quasar will begin to repurchase"
It states upon completion of funding... haven't they already received funding? They announced in the 8/26/09 Update to Investors PR that they have secured funding.
I think they could and hope they start the buyback now... what is your take? I could be wrong but I would like to have this figured out