SUTIMCo International Inc (SUTI)

[The Claw]

Is it correct that to my understanding any share buybacks by the company must be done on the bid and not the ask as this could create a falsely inflated price and market. Also I noticed that SUTI stated that they would be doing a share buy back but they also mentioned retiring shares? If my assumption about the legality of a buy back having to occur on the bid is correct would there be any limitations on, let's just say for an example a retail group or accredited investors buying shares in the open market and then offering those shares purchased in the market to be sold back to the company? I guess if this were to occur the investor could sell these shares purchased in open market back to the company in the form of a convertible and therefore creating a higher demand and share price. The company would be buying these shares back at a discount to be repaid but basically assumes more friendly debt without having to actually purchase the stock back themselves and the investor has some security in note form and mitigates their risk by interest and the amount of the note based off of what they buy in the open market.