The trading company has obtained approval from the board for a $250 million stock repurchase plan. Executive Director: Repurchase or issuance may depend on market conditions.
[Chain News] PANews reports that a trading company (NASDAQ: TONX) has announced that its board of directors has unanimously approved a stock repurchase plan, authorizing the company to repurchase up to $250 million worth of common stock. Under the plan, the company may periodically repurchase stock through open market transactions or other methods that comply with applicable securities laws and regulations. The company's executive chairman, Manuel Stotz, stated: "Aside from market conditions and other factors, if the company's stock price is at a premium to net asset value, the company may consider issuing stock to acquire TON tokens. Conversely, if the company's stock price is at a discount to net asset value, the company may consider repurchasing its own stock."
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HalfBuddhaMoney
· 09-06 01:29
Funds are not lacking, how can you be so bold to take advantage?
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MEVEye
· 09-04 13:56
Play is play, speculation is not speculation.
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GweiWatcher
· 09-04 02:03
The suckers will be played for suckers sooner or later.
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TokenSleuth
· 09-04 01:55
It seems that there is another market maker controlling the market trend.
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ZKProofster
· 09-04 01:41
technically speaking, this buyback structure lacks cryptographic guarantees
The trading company has obtained approval from the board for a $250 million stock repurchase plan. Executive Director: Repurchase or issuance may depend on market conditions.
[Chain News] PANews reports that a trading company (NASDAQ: TONX) has announced that its board of directors has unanimously approved a stock repurchase plan, authorizing the company to repurchase up to $250 million worth of common stock. Under the plan, the company may periodically repurchase stock through open market transactions or other methods that comply with applicable securities laws and regulations. The company's executive chairman, Manuel Stotz, stated: "Aside from market conditions and other factors, if the company's stock price is at a premium to net asset value, the company may consider issuing stock to acquire TON tokens. Conversely, if the company's stock price is at a discount to net asset value, the company may consider repurchasing its own stock."