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Crypt Keeper

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Crypt Keeper

Re: qazwsx post# 24946

Tuesday, 05/22/2007 4:11:04 PM

Tuesday, May 22, 2007 4:11:04 PM

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My understanding is that when a buyback is announced, the company can only buy at 25% of the average daily volume for the previous 2 months. I have no idea what this volume was but if you figure it was 1.6 million shares/day, this would mean they can only buy 400,000 per day. 35 million shares / 400,000 shares/day gives you 87.5 trading days for SIAM to accumulate. If someone has the actual average volume please do the math and see how long it should actually take.
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