JP 3E Holdings Inc (JPTE)

[shotsky]

There is no 'approval' needed to do an RS. It is decided by the CEO and directors. It requires them to file a change in the articles of incorporation, which is a public document, meaning shareholders would be notified of the change. It would not happen until the date specified in the filing.
On the other hand, there is no debt, and no reason to think an RS would be under consideration. We will know when the annual report is filed whether there is any profit to the company. Profit is used to buy back shares, which benefits shareholders. Again, a filing is required before any shares can be bought back.