It'll still be a percentage, but a different, and larger, percentage.

Say Pentax has 100,000 shares in issue, and Sparxx have 25%, which is  
25,000 shares.

If Pentax buys back 20% on the market, Sparxx will still have 25,000  
shares, which will now represent 25/80 of the capital, or 31% (approx).

John



On Thu, 10 May 2007 16:10:58 +0100, Jack Davis <[EMAIL PROTECTED]> wrote:

> It'll still be a percentage of the total shares available.(?)
>
> Jack
> --- John Forbes <[EMAIL PROTECTED]> wrote:
>
>> If they buy back more of their stock, Sparxx will be left with a
>> larger
>> percentage of the total that remains.
>>
>> I doubt if that is what Pentax wants.
>>
>> John
>>
>> On Thu, 10 May 2007 11:15:17 +0100, Paul Stenquist
>> <[EMAIL PROTECTED]> wrote:
>>
>> > Buying back your stock is seen as a healthy move by most long term
>> > investors. And it generally results in an increase in share value.
>> > Paul
>> > On May 10, 2007, at 12:37 AM, [EMAIL PROTECTED] wrote:
>> >
>> >> In a message dated 5/9/2007 8:28:53 P.M. Pacific  Daylight Time,
>> >> [EMAIL PROTECTED] writes:
>> >> This thought may have been offered  as I've only looked at a few
>> of
>> >> these posts. It may be that Pentax is taking  the same route as
>> many
>> >> have and that's selling certain assets to generate  cash in order
>> to
>> >> control more of their stock, thereby hoping to fend off a  hostile
>> buy
>> >> out, in this case, by  Hoya.(??)
>> >>
>> >> Jack
>> >>
>> >> ==========
>> >> Well, that's possible. But, if so,  it's a real desperation move.
>> >> It would
>> >> mean they are seriously pressed and this  may not come out the way
>> >> people would
>> >> like. I think it much more likely they are  decreasing debit to be
>> >> more
>> >> profitable. There are to ways to affect the bottom  line:  1. sell
>> >> more  2. decrease
>> >> debit.
>> >>
>> >> I would like to think  they are that rather than being so
>> desperate
>> >> to buy
>> >> more stock and the only  raise the money to buy more stock is by
>> >> selling HQ. On
>> >> the decreasing debit  side, selling HQ would imply laying off a
>> >> serious amount
>> >> of middle management  and other things along those lines. But I
>> >> don't quite
>> >> understand the rules of  the merger with Hoya, evidentially they
>> >> can't seek out
>> >> outside investment during  that time period. So I suppose it is
>> >> possible. But
>> >> that type of move would not  appeal to current investors.
>> >> Decreasing debit
>> >> would.
>> >>
>> >> It might make  current investors, in fact, abandon ship. Which
>> >> would not be a
>> >> good  thing.
>> >>
>> >> Marnie
>> >>
>> >> ---------------------------------------------
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>> >>
>> >>
>> >>
>> >>
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>>
>>
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