The Program may be expanded, suspended, or discontinued by the Board at any time. There is no guarantee as to the exact number of shares, if any, that will be repurchased by LiveXLive, and LiveXLive may discontinue purchases at any time that management determines additional purchases are not warranted. The timing, price, and quantity of purchases under the Program will be at the discretion of LiveXLive's management and will depend upon a variety of factors including share price, general and business market conditions, compliance with applicable laws and regulations, corporate and regulatory requirements, and alternative uses of capital. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when LiveXLive might otherwise be precluded from doing so under insider trading laws.
We remain enthusiastic about the prospects of LiveXLive and are focused on our commitment to maximize shareholder value."
Robert Ellin, LiveXLive's CEO and Chairman, commented, "I am pleased to announce board approval for the new stock repurchase program given the current price of our stock, which we do not believe reflects the underlying value of LiveXLive.
0 kommentar(er)
