Halitron Inc (HAON)

[samroux]

Is this to suggest that the company has bought back 2 billion shares? Yeah, that'd be impossible.

Per the rules, the maximum amount of shares the company could have purchased during the last 3 months is roughly 165 million shares.

Since the announcement of the buy back, the company has diluted over 2 billion shares.

Even IF they were buying back at the maximum allowable rate, dilution would exceed any buy back by 14 to 1.

The whole buy back thing is pure nonsense. It's just a pump tactic by the company to keep trader interest while debt converts out.