What is the current status of the stock repurchase program and managements future plans for the program?
During 2000, the Company’s Board of Directors authorized the Company to purchase up to $5 million of Company securities. In October 2002, the Board of Directors authorized the purchase of an additional $5 million of outstanding debt or equity securities. In October 2004, the Board of Directors authorized the purchase of an additional $5.0 million of outstanding debt or equity securities. As of December 31, 2007, the Company had purchased $5.0 million in principal amount of the debt securities, and $21.5 million of its common stock, representing 5,417,592 shares. Any such future purchases would depend on the facts available at the time. As a result, we cannot give any useful guidance about possible future purchases. However, the Company will continue to evaluate opportunities to purchase stock, and make such purchases as circumstances allow.
Related Questions
- What are future plans for tailings management? Is this directive final, or will the ERCB look into more and different ways to regulate tailings management?
- Now that you have released the PLUS 2000 program what is the future or status of the KWIKLOG Plus for Windows, and KWIKLOG DOS - Versions?
- What is the current status of the stock repurchase program and managements future plans for the program?
