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Re: pennyjunkie post# 11256

Friday, 12/07/2007 10:50:39 AM

Friday, December 07, 2007 10:50:39 AM

Post# of 35321
I also just learned of another rule that was new to me. When a company is buying their own stock at bid, they are not allowed to place a bid that is more than 10% higher than the next higher bid. I suppose many CEOs ignore this, but look at our L2. Aparently, a bunch of CEOs just received warning letters about this.