$Futu Holdings Ltd (FUTU.US)$ just BTW it’s end of blackout ...
$Futu Holdings Ltd(FUTU.US$ just BTW it’s end of blackout period and FUTU is already legally allowed do their announced buyback so hopefully 🙏 will burn all the shorties.
I am long on FUTU and hope things will get better with internationalisation.
I am long on FUTU and hope things will get better with internationalisation.
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toomanyscammers : what will this mean for retail investors though?
Vlastimil OP toomanyscammers : Do the math? 300 mil / current stock price = they can buy something around 5-5.5 million stocks .. of course they won’t do it at once but it’s sufficient buying power , especially if there will be few more catalysts I.e. new products coming like crypto trading
toomanyscammers : but I guess they won't compensate retail investors for our shares yes?
Vlastimil OP toomanyscammers : What do you mean? They won’t be paying dividends. Instead they buy shares from open market, which means price of stock will go up . Then you can sell your stocks with higher price. The thing is that they won’t be announcing when are they going to buy so you cannot really speculate.
toomanyscammers Vlastimil OP : not dividends but I meant a repurchase from shareholders. guess an open market repurchase means they won't do that
Vlastimil OP toomanyscammers : They can’t buy from you if you’re not making sell order. And of course they will be buying lowest offers .. it’s just very simple :) they will be buying in same way like any 3rd party would queue to buy FUTU shares
toomanyscammers Vlastimil OP : yep, this is prob why its price is going up too yea?