HPIL Holdings (HPIL)

[Klevamaniam]

A stock buyback in the truest sense is when a company repurchases it's own stock for the purpose of reducing the number of outstanding shares, thus making the remaining shares more valuable. Prior to 1982 this practice was illegal under SEC rules. We will all have to wait and seen the proposal on Aug 17, because this is NOT a true buyback. We are all confused, I now I am. A hand picked group of investors buying as much as possible of HPIL for a 30 day period, ending Sept 17. The shares are not being removed from the outstanding balance, to my understanding. Thus, the benefits would be in Proxy Voting, and percentage of controlling ownership as this entity develops and grows. I thank Stephen Brown for his leadership and visions and where he has taken HPIL thus far, the best is yet to come. I welcome anyone to correct me if I'm wrong, or add to what I said. Thank You...