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Post# of 79451
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surfkast

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surfkast

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Re: nokomis post# 74237

Thursday, 08/02/2018 4:23:51 PM

Thursday, August 02, 2018 4:23:51 PM

Post# of 79451
The issuer can't purchase more than 25% of the average daily volume.

Thus it would take them at least 181 trading days to repurchase 2 billion based on the present average daily volume of 45 million for the past 30 days.

Ridiculous!

From the SEC

https://www.sec.gov/divisions/marketreg/r10b18faq0504.htm

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote