In this video, I, Riku Tazumi, CEO of ANYCOLOR Inc., will be addressing concerns that have arisen as a result of recent events regarding the contract termina...
Kinda. Companies usually buy back shares for a few reasons but it almost always just simplifies into:
The company wanted to increase the price of its shares in the stock market by lowering the amount of shares in the market.
The company wanted to increase their controlling interest in themselves by buying up more shares thus reducing the amount of possibly lost controlling interest from shares.
Kinda. Companies usually buy back shares for a few reasons but it almost always just simplifies into:
The company wanted to increase the price of its shares in the stock market by lowering the amount of shares in the market.
The company wanted to increase their controlling interest in themselves by buying up more shares thus reducing the amount of possibly lost controlling interest from shares.
So this means they probably spent money to try and boost the price but the whole situation nullified it, did I understand that correctly?
That is how I understand it to be, yes. Their stock price losses have already amounted to more than $150 million USD.