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vincednj

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vincednj

Re: Manti post# 58464

Friday, 12/11/2009 9:15:48 PM

Friday, December 11, 2009 9:15:48 PM

Post# of 375420
Manti, the only part a brokerage plays in a stock buyback is that the same broker must be used for the entire buyback for that day. Once stocks are repurchased, they can be cancalled but they do not have to be cancelled. They can be held by the company in their treasury account and used for various purposes as need be.
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