HydroPhi Technologies Group Inc. (fka HPTG)

[sevenandcounting]

https://corpgov.law.harvard.edu/2013/03/14/questions-surrounding-share-repurchases/

Should a company publicly disclose its share repurchase program?

Yes. In order to avoid potential liability for insider trading in connection with a share repurchase program, a company should publicly disclose the program prior to its commencement. Disclosure should be made after consultation with counsel. At a minimum, disclosure should be made with enough time to allow the market to absorb the announcement and include the following information:

the estimated time period during which the purchases will be made;
the maximum number of shares proposed to be acquired or the maximum amount of funds to be expended;
the objective of the acquisition of shares;
any plan or proposal relating to the disposition of the shares to be purchased; and
an indication of how the purchases will be made.