HPIL Holdings (HPIL)

[shotsky]

Insiders in public companies can only buy or sell that company's stock during the 30 days following filing financials. So, no the CEO is not buying OR selling any shares since the fins are not filed. That would be an SEC violation. The rest of the time between filings is called the 'quiet period'. I've been a director in a public company, and know those rules well. That is the only time I could buy/sell my stock options.
Private parties cannot buy and sell between themselves unless the shares are held privately - not in a brokerage. Just try to sell your shares at etrade to someone else. You can't do that. You can sell them, but you can't direct who will receive them.
A company can't retire stock unless it has purchased them first. A company cannot purchase its own stock without a filing announcing it, along with how many shares, and the duration of the buyback period. Buybacks are considered 'significant events' by the SEC, so a filing is necessary.

None of his statement makes sense, legally or logically.