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pelcmarek's picture
Only 10 rounds remain !


I always knew it, Rex. 

Every year you buy 10% of all shares.

The lower is the price of shares, the better. ( for the same amount you buy more shares). So what you need,actually what you wish and pray for is market crash.If this happens you will start buying shares like crazy,spreading bad news and buying,buying and buying!

You pray for depression! Anything that would allow you to buy more. The lower it falls the faster you will buy it back !
Your biggest enemy is the price going up and stupid shareholders trying to push you into nonsense aquisitions.

Before they realise it's there last 10M shares.

After 10 years you and your management colleagues own 60%,Rockefeller family owns 10% of all shares and then you take it private! Your shares are deposit and the rest you can borrow.

You won! Checkmate!

I hope you will do it Rex. I will have a free ride on your tail,mate !  

PS: Rex Tillerson is CEO of Exxon Mobile, Rockefeller family owns 332 000 shares of XOM and XOM buys 500M of its shares every year.       
   

By pelcmarek at 2008-10-20 19:41 | Stocks | pelcmarek's blog


I forgot


If XOM will have only 10M shares outstanding then price of 1 share will be $40 000 / share.

By pelcmarek at Mon, 2008-10-20 19:48 | login or register to post comments

and others


Lawrence Ellison owns  1,149,659,580 =  22% of shares outstanding.

Oracle said on Monday that its board of directors had authorized the repurchase of another $8 billion worth of the business software maker's shares on top of an existing plan to buy back $9.3 billion in shares.

If I count it properly after 17B buyback and current price 17/share. 

Oracle will have only 4B shares outstanding and Ellison will own 30% of all shares!


PS:Month ago, Microsoft Corp, Hewlett-Packard Co and Nike Inc put in place buyback plans for $53 billion of their shares at a time when most U.S. companies are slowing such repurchases to hoard cash over liquidity fears.
 

By pelcmarek at Mon, 2008-10-20 20:06 | login or register to post comments