InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,995.54
(
0.38%
)
US TECH 100
20,562.00
(
0.10%
)
Dow Jones
43,988.99
(
0.59%
)
Brent Oil
73.89
(
0.00%
)
Bitcoin
76,375.67
(
-0.25%
)
Post# of 27489
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

nikon24

Send PM Follow Ignore
Followers 10
Posts 107
Boards Moderated 0
Alias Born 11/15/2013

nikon24

Re: my2Mustangs post# 20990

Friday, 07/11/2014 9:30:32 PM

Friday, July 11, 2014 9:30:32 PM

Post# of 27489
Nice try, yet again, but, wrong!!!

Rule 10b-18 states a company can repurchase up to 25% of the average daily volume per day.

The lowest volume from 6/17 through 6/26 was 17042 shares. For simplicity sake, let's just call that the average for now. 25% of that is 4260 shares. 4260 shares times 7, for the 7 days spoke of in the PR, is 29,820.

To be a bit more thorough, the average volume over 3 months per OTC markets is 19,498. 25% of that is 4,874, rounded down.

If you would like to continue to dispute this topic, I leave it to you find a different average daily trading volume.

Point is, they were well within the rule of a share repurchase. The number issued in the PR is FAR FROM UNREALISTIC!!!!!!!!!!!!!!!!!!!

Try again, please, to post FACTUAL information. Thank you.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up