CMG Holdings Group Inc (CMGO): The buy back will not occur all in one d...

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Re: money8547 post# 46552

Thursday, 05/01/2014 9:02:28 AM

Thursday, May 01, 2014 9:02:28 AM

The buy back will not occur all in one day. I believe SEC rules do no allow you to buy more than 25% of the average daily volume for a particular period. So if the average daily volume is 1 million shares, for example, CMGO would not be allowed to buy back more than 250,000 shares on a given day. That's my understanding of the rule, anyway.

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