Labor Smart Inc (LTNC)

[Davis_Elite]

BREAKING DOWN 'Accelerated Share Repurchase

Accelerated share repurchases allow corporations to transfer the risk of the stock buyback to the investment bank in return for a premium. The corporation is therefore able to immediately transfer a predetermined amount of money to the investment bank in return for its shares of stock. ASRs are often used to buy shares back at a faster pace and reduce the amount of shares outstanding right away.


So does this take away the 25 percent a day they can buy
making it completely possible to wipe out whatever is left of the 2 million and remove them from the o/s