Zhong Nong Yuan Fang Holdings Inc (ANAS)

[Seaheck]

For everyone who thinks that ANAS can just "manipulate" the price down, or put out fluff news to make the share price go down you are crazy.
The regulations and rules about a company buying back its own shares are so precise, strict and controlled that it's actually not very easy to do.
They are not allowed to buy if it will change the current price, they are not allowed to buy within the first 15 minutes or last 30 minutes (I believe those are the numbers), they can not bid up or down and can only bid on what the last buy was. This is about 5% ofall the rules they have to follow.
They are going to be monitored closely on their purchased shares and there is no way that they could get away with (not that they'd even try) manipulating any aspect of this buy back.....thats considered Insider Trading....I dont think they are that stupid.

If you want to read about it:

http://www.journalofaccountancy.com/issues/1999/may/mccarthy.htm