In April 2011, the Company announced that its Board of Directors had approved a six-month share repurchase program to repurchase up to an aggregate of $10 million of its ordinary shares. The Company's Board of Directors subsequently extended the program from six months to an indefinite period or until the program is completed(CHOP)
Where in the ABAT announcement did they mention that they cannot start repurchasing stock before announcing their financials?
Advanced Battery Technologies Inc. plan to buy back up to 5 million ABAT common shares over the next 12 months. The common stock to be repurchased would represent 6.6% of the total shares outstanding, which will be purchased from time to time in the open market or in privately negotiated transactions. The planned share buyback requires board approval.
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