Polar Power Inc (POLA)

[wadirum1]

My thoughts/questions exactly.

The difference is like night and day.

I dug up the repurchase rules. Thanks to Investopedia:

Real World Application 10b – 18 The Four Conditions
1. The manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day.
2. Timing: An issuer with an average daily trading volume (ADTV) less than $1 million per day or a public float value below $150 million cannot trade within the last 30 minutes of trading. Companies with higher average trading volume or public float value can trade until the last 10 minutes.
3. Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
4. Volume: The issuer cannot purchase over 25% of the average daily volume.

So, at most POLA bought 25% of the shares traded. And it appears that all the ask slaps at ever higher prices couldn't have been them.