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Re: mymojoisback post# 47681

Tuesday, 05/20/2014 2:44:07 PM

Tuesday, May 20, 2014 2:44:07 PM

Post# of 139649
Boum said he's ready too, and I'm sure lots of others would join us. I don't know how to tell when the company will buy, do they even know? They can't buy at the ask anyway, they have to buy at the highest bid don't they?
Ah, here it is...The highest bid or last price isn't bad.
http://www.investopedia.com/terms/r/rule10b18.asp

The 4 rules:

Manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day.
Timing: An issuer with an average trading volume less than $1 million per day or a public float value below $150 million is unable to trade within the last 30 minutes of trading. Companies with higher average-trading-volume or public float value can trade up until the last 10 minutes.
Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
Volume: The issuer can't purchase more than 25% of the average daily volume.


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