SUTIMCo International Inc (SUTI)

[TenKay]

"You do not know the end result of those shares so you cannot dismiss the buyback. If those shares are being returned to the company treasury at the end of the 1 year restriction period,"

So...the "buyback" actually occurs a year from now?

The PR certainly seems to infer the "buyback" starts this week...does it not?

It is not a "buyback" until it is a "buyback".

In the scenario you describe the OS is not reduced for a full year UNTIL the actual "buyback" occurs...and even then it is not a "buyback" but merely the return of shares for "cancellation" as the company is not buying them on the open market.

There is ONLY one definition of a "buyback"...the COMPANY buying the shares itself.

A "leveraged buyback" is the use of DEBT financing in order for the company itself to buy the shares on the open market. A leveraged buyback IS NOT someone else buying the shares and having the company turn them into restricted shares via the T/A.