Dave half ran to meet Andy, his face looking extremely panicked.“Sir, you should check your email and also look at the stock movements. It's serious!”Andy then looked at his laptop to see what was happening. His eyes almost popped out when he saw his stock price experiencing a drastic drop.Many shareholders, investors, were planning to release their stock ownership by selling them in large quantities. Of course, this was not beneficial for Andy.“Dave, how much money does the company need to buy back their shares? I don't want strangers with me.”“The finances of Blain Corp are not so good, Sir. However, the finances of your private company are more than enough to buy back all those shares.”“Do your best, buy back our shares. Don't let them fall into the hands of others.”Andy repurchased the shares because he wanted to consolidate ownership, maintain stock prices, return stock prices to real value, improve financial ratios, or reduce capital costs.An action commonly taken by com
Last Updated : 2024-08-17 Read more