Well, he may have needed varification on the buy back shares that they are all ligit, as well as any other varification documents that need to be submitted before the TA can affect the cancelations.
Not as simple as buying back and canceling.
A bit more to it than that.
This will all go through as planned, and those with the faith to hang in there, as well as new peeps buying in at these low prices, will be quite happy when all is said and done IMO.
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