HPIL Holdings (HPIL)

[shotsky]

It is not a buyback. SB should not have used that word. This is a private transaction between two or more shareholders. That is called TRADING, no matter how it is arranged.
But, if you had shares, would you sell them for less than you could get on the open market? Of course not.
And, if you WANT shares, would you pay more than you could buy them for on the open market? Of course not.
To sell, you set a limit to make sure you get at least that much per share. To buy, you set a limit as to the most you will pay.
No 'share buyback' needed - it only leads to confusion, because the term has a legal meaning, and that is not what is happening.
In a share buyback, the COMPANY buys its own shares and retires them. That reduces the OS. That ain't happening.
Lastly, virtually all of us have our shares in brokerages. You can't bypass your brokerage JUST to sell to a single person or entity. You could TIME a sell by one person/group and a buy by another person/group at exactly the same time, if you managed to set them both up within the MM's spread. But again, that's just trading.