728_header.jpg (23748 bytes)
 Home   EB Blog   AB Blog   Letters   Podcasts   ABTV   Forums   EPIS   PR Service   Classifieds   Ecommerce EKG   Service Ratings   
  Subscribe    RSS Feeds    Twitter        Contact Us  Web Site  
Service Ratings 
   Auction Sites
   FP Marketplaces
   Inventory Management
   Payment Services
   Storefronts & Carts
   Sniping Services
   Wholesale/Dropshipping
   Email List Hosting
   Consignment Services
   Ecommerce EKG 
   Auction Calendar
   Collectors' Links
   eBay Promo History
   Bookshelf
   Fraud Resources
   Drop-Off Store Laws
   ABTV
   Ecommerce Resources
   Photo Tips
   Marketing Inserts
   Yellow Pages
   Advertising

EcommerceBytes-NewsFlash, Number 1777 - April 25, 2008 - ISSN 1539-5065     Previous |
Ableauctions, Bidz.com Provide Stock Buy-Back Update
By Ina Steiner
EcommerceBytes.com
April 25, 2008




Ableauctions.com announced it has purchased back in excess of 5.6 million shares of its own stock since initiating the stock purchase program in July 2007. Of the 5.6 million shares purchased, approximately 4.6 million shares have been cancelled and returned to the authorized shares of the company reducing the total outstanding to 60,752,641. Ableauctions.com said it intends to continue purchasing its shares back in the market from time to time. Ableauctions.com Inc. is a liquidator and online-auction facilitator that operates the domains iCollector.com, Naalive.com and Unlimited Closeouts.com.
http://www.ableauctions.com

Bidz.com announced that as of April 22, 2008, it has repurchased a total of approximately 817,000 shares of its Common Stock in the open market for a total of $6.8 million, at an average price of $8.38 per share. After the company successfully retires all of the shares it has repurchased to date, the total number of issued and outstanding Company Common Stock will be 23.74 million. Bidz.com also said that it will continue to repurchase in the open market under the stock repurchase program. It also announced that it currently has a zero balance outstanding on its credit line of $25 million with Bank of America.
http://www.bidz.com

You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletters

Email this story to a friend.

Previous |

 EcommerceBytes Blog 
 AuctionBytes Blog 
 Letters to the Editor 
Related Stories 
Related Stories
  • Ableauctions, Bidz.com Provide Stock Buy-Back Update - April 25, 2008, Issue #1777
  • eBay Live Auctions Closure Impacts Ableauctions.com - August 15, 2008, Issue #1854
  • China Company to Take Control of AbleAuctions Shares - July 21, 2009, Issue #2084


  • Discussion Forums 
    Have a question about buying or selling online? Want to get marketing or technical advice? AuctionBytes Discussion Forums are the place to come to get answers to your questions and get advice! Great tips - a refreshing change!

    Current Discussions:
     

    About Us      Privacy Policy      Link to Us      Partners      Our Writers      Write for Us      Press        Site Index

    Copyright 1999-. Steiner Associates LLC. All rights reserved.