HCPC did NOT release a letter stating that they were buying back shares.
They stated they INTENDED on buying back shares.
As for the R/S, they stated they wouldn't do it without the fundamentals to support a higher price. Wouldn't funding a $672MIL loan give them those fundamentals?
They want to buy back at a lower price? Isn't .0002 or .0001 low enough?
I don't think they are going to buy back any. Why buy them back when you can simply R/S the shares instead?