Plyzer Technologies Inc (PLYZ)

[Stock Caller]

***UPDATE***

- okay so here is some more info on share buy back that makes stock becomes Treasury shares.

Treasury Stock Overview

A company may elect to buy back its own shares, which are then called treasury stock. Management may intend to permanently retire these shares, or it could intend to hold them for resale or reissuance at a later date. Common reasons for the repurchase of stock include the following:

A stock buyback program that is intended to reduce the overall number of shares and thereby increase the earnings per share. This action can also increase the price of the stock, especially if a company has a policy of buying its own shares whenever the price falls below a certain threshold level.
When a company is forced to buy back shares from someone who is attempting to gain control of the business.
When a company has the right of first refusal to reacquire shares.
When management wants to take a publicly-held company private, and needs to reduce the number of shareholders in order to do so.

A business has no alternative use for excess cash, and so elects to use it on a stock repurchase.
Stock that has been repurchased does not qualify for voting purposes, nor should it be included in the earnings per share calculation that is reported by publicly-held businesses.

https://www.accountingtools.com/articles/2017/5/17/treasury-stock-accounting-cost-method-and-constructive-retirement-method