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Thursday, September 03, 2020 12:36:13 AM
They're not dropping in $150K a day for 10 days. They would be brushing up against possible volume laws. The average daily trade volume over the past 4 weeks is about 153M(around 3B/20). So they can only buy 1/4 of 150M per day(38M shares) as I show in my link. However, as people continue flailing around in this stock(and thus naturally driving volume higher), we could likely see more sporadic and bigger(and exponentially bigger) buy backs. I figure avg around $5K a day(which doesn't sound like much but it is when you buy and hold each day over 3.5 months). Factor in that they can choose to buy or not buy each day(using this to break through ceilings if they want to drive the stock up). I ASSume they would want to drive the stock up so they can take out more loans(as they should with a weakening USD and rising domestic asset prices). I expect USD to weaken due to lower GDP and consumer pull created by gifting $1200 to everyone. That means that BBRW can (at most) buy $190K in stock at half a cent in one day. This is over $150K, but just barely; they couldn't NOT buy on a day and then double buy the day after. The volume would support 38M easy.
They have a ceiling of 38M shares per day(and that number will likely get higher) I'm long on this. No FOMO. No FUD. No Risk to principal or principles.
Also hella-thanks to @lordboozio. I'm getting strong and then I'll do good things well.
Disclaimer, I've just been up late reading laws. I'm not a lawyer or acting in any capacity. So I might be 80% right(and thus come up with a 100% wrong answer). Check my math. Please let me know if I screwed something up. I used to work as a programmer helping lawyers convert legislators' confused whims into a codified annotated body... so I can read this shit(but no one reads this stuff well)... Not my first choice of reading though(and I read some dull stuff for fun).
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