NewMarket Technology (fka NWMT)

[firecracker070445]

I'm a little confused about this stock buyback program. I can't tell for sure if this is a buyback by individuals in management or by the company itself. We don't have many people in management unless they are counting subsidiary managers. It makes a difference in the O/S. If individuals are buying for their own accounts then the number of shares outstanding doesn't drop. It just means that they own a greater number of shares and those shares hopefully are no longer available for sale. If the company purchases the shares then those shares are retired and the O/S drops. You get a double benefit because the buying pressure increases the stock price and the O/S declines. Anybody have any thoughts on this? If a legal review was necessary it seems that the company must be involved somehow. If individuals just wanted to buy it seems like they could do that anytime they wanted. ??????