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