Indocan Resources Inc. (IDCN)

[Slojab]

That's not a stock buyback. With a buyback, the shares the company purchases on the open market are returned to the treasury, lowering the O/S.

What I infer from that statement is that insiders are buying shares for their personal accounts. And if they're doing so in the quantity inferred, they need to file a Form 4 within 4 days to acknowledge that. That's so they don't benefit from trading on insider information that hasn't been released to the general public.

Yes, they have been purchasing in very large amounts ( essentially it equates to several percentage points of the company’s available stock being bought back last week and will continue to do so this week)