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Re: Re: Re: [sharechat] RBC

From:	"John H T Wilkinson" <jhtw@clear.net.nz>
Date:	Mon, 16 Jul 2001 21:15:16 +1200

Spot on Jeffrey.

I think we can take it that Gerry's use of the "? & ! ! ! ! " was to express his scepticism.

John

----- Original Message -----

From: Jeffrey Kelly

To: sharechat@sharechat.co.nz

Sent: Monday, 16 July 2001 8:52 p.m.

Subject: Re: Re: Re: [sharechat] RBC

Correct me if I am wrong but is the buyback not funded out of cash reserves which are part of the nta?

If so then as the number of shares on issue are reduced then so are the cash reserves proportionately reduced and the nta will stay the same.

Any price improvement would come from demand exceeding supply of a reduced number of shares available

Jeff

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Re: Re: Re: [sharechat] RBC Jeffrey Kelly

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