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Monday, August 31, 2015 7:10:47 PM
CRGP was buying shares back at the time of the halt.
They had done the debt to equity thing with the Noblis for 327 million.................
they were then buying them back to fullfill the $1 mill left on the buy back program.
Maybe plan was to allow them to be sold for slightly more than the actual deal was on paper [maybe for tax purposes or something] as CRGP wound up with most of them anyway. Like "Hey I will give ya x mil shares valued at X$ IF you wait until the stock raises after we buy back a load........"
Example: " Hey buddy accept this 327 million stock which today is enough to cover our debt IF stock reachs 10% more than it is now.
We will be buying back stocks and price will naturally go up and you will be smelling like a rose. When it reachs 10% increase we will buy them back. "
WOuld be easy to do if one told the other "yeah that is my 9 mill ask or that is my all or none bid"
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