The buyback is in session and ongoing. The company is buying back shares over the course of several months, under circumstances outlined in their last quarterly report. Do not expect $HAON to buyback all shares, all at once, making the stock price sky rocket in one trading day. That’s not what’s happening. The number of outstanding shares are gradually being reduced and slowly, but surely the PPS is reflecting it. The company will be reporting the number of shares repurchased in each quarterly report.