Plasticon International, Inc. (fka PLNIQ)

[rrm_bcnu]

Captain, it appears you may not understand the term "buyback."

A buyback is a method for company to invest in itself since they can't own themselves. Thus, buybacks reduce the number of shares outstanding on the market which increases the proportion of shares the company owns. Buybacks can be carried out in two ways:

1. Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.

2. Companies buy back shares on the open market over an extended period of time.
http://www.investopedia.com/terms/b/buyback.asp


Is the bold definition above not EXACTLY what has been described in the CFNT interview of bill Howe? If not how does it differ? Please cite your reference for detailed knowledge of the buyback.