paunch13 In the SEC regs under a 15c-211 the sponsoring MM of FFGO,a deal can be set up for the company to buy back stock ONLY at the bid price.I do not know if a shorter can make a deal with a MM with out the FFGO company OK the deal.The company would have to register new shares and increase the O/S so the TA could issue bulk certs to other brokers to be sold to the shorters.With the stock price not moving I am looking for a surprise 8K telling us how many shares they bought back,do not be surprised.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.