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So they can issue back those shares on the market
by jbverschoor 7y ago
So they can issue back those shares on the market
- AznHisoka 7y agoBut don't buybacks usually mean they bought back the shares and eliminated them? It no longer exists. It's not sitting in any account.
- airstrike 7y agoStock that is bought back is called "Treasury stock", and it can either be retired or held for resale in the market https://www.investopedia.com/terms/t/treasurystock.asp https://www.investopedia.com/terms/t/treasurystock.asp
- jbverschoor 7y agoThey can issue new shares if they want. Also, how come they’re in trouble if everybody paid for their tickets, and they’re not flying?
- jandrese 7y agoAirlines have been issuing refunds. Also, new bookings have fallen off of a cliff.
- jbverschoor 7y agoInteresting
- kgwgk 7y agoHow many tickets would you say they will be selling in the near future?
- tathougies 7y agoThe board of directors of any joint stock company can create new shares out of thin air by majority vote.