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Re: Mind on my Money post# 541

Friday, 09/30/2016 3:16:13 PM

Friday, September 30, 2016 3:16:13 PM

Post# of 13877
On the CEO Buyback, just spoke with her.......
she is buying back and supporting the bid but to do it right she has to follow certain SEC rules through her broker. For instance, one SEC buyback rule , if someone puts a bid in at .012, she can only bid .012, she is not allowed to bid .0121. She can only match the bid legally. I told her that people would love to see a Form 4 with her as the CEO buying back shares since that will give investors confidence in the company. She said when she reaches a certain legal threshold she will release a form 4. She also said she expects the stock price to eventually go back to previous levels, they have only been trading for 8 months, its a new company. She confirmed the float is only ~24 million.