On Thursday, February 7, 2019, 10:48:31 AM EST, trade.io [email protected] wrote:
trade.io Announces Token Buyback Program
trade.io is pleased to announce a token buyback program that authorizes the Company to repurchase up to 2,500,000 TIOx on the open market or through privately negotiated transactions.
CEO Bill Heyn:
The ongoing market downturn has, unfortunately, begun to create casualties among the world’s crypto exchanges. However, at trade.io we have been prudent with our resources; our balance sheet, cash flow and growth prospects remain strong. Our current position allows us to not only weather the storm but also invest where we see opportunity. We adamantly believe that trade.io’s long-term potential is not adequately reflected in the current market price of TIOx.
We feel this token repurchase program underscores the utmost confidence we have in the future of trade.io and further serves to align Company interests with those of our faithful TIOnauts.
The buyback program will be financed through free cash flow and any TIOx purchased as part of this program will be held as treasury tokens. The timing and price of any TIOx that are repurchased under this program will be determined solely by trade.io’s management at its own discretion based on its evaluation of market conditions and other factors. The buyback program may be suspended or discontinued at any time.
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