Artificial Intelligence Technology Solutions Inc (AITX)

[STARSTOCKS]

“Some companies turn to a counter-intuitive strategy to return cash to shareholders: shorting their own stock.
As companies with record cash on their balance sheets who embark on a spree of share buy-backs, a handful are using a tactic not seen since before the financial crisis, known as accelerated share repurchases (ASRs) or accelerated buy-backs (ABB).

In a traditional buy-back, the company uses a broker to buy shares on the open market. It can take weeks or months to complete an announced buy-back.

But with an accelerated repurchase, the company asks their broker to short the full amount immediately. In a standard short, the broker borrows shares from other holders, sells them, then later buys shares to return them to the original holder.

In an ASR, the borrowed shares are not sold; the company retires them. The broker then buys shares to cover the short, with the company agreeing to cover any losses on the trade.”

Food for thought, since we know MAXM is shorting— perhaps they are converting and shorting the stock in cooperation with the company, while eagle equities is buy these stock back at lower prices to retire. Maybe not, but something to think about