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Re: lesnshawn post# 150723

Wednesday, 02/07/2018 10:22:22 AM

Wednesday, February 07, 2018 10:22:22 AM

Post# of 183214
What would Bravatek use for a stock repurchase - more toxic financing?

Since Bravatek isn't profitable the results from a buyback would be disastrous.

Cellucci has to file a 10-Q, 10-K or 8-K with the details of a buyback.

It is detailed in SEC rule 10b-18.

Cellucci will have to disclose the following for a stock repurchase.

"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.

The disclosure may be made in a Form 10-Q or 10-K, or by means of a press release or Form 8-K"

Instead if hinting at a stock repurchase - Cellucci needs to disclose the above - chatting it up on social media is just pumping.

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