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Re: Run4It post# 20267

Tuesday, 01/05/2010 4:46:27 PM

Tuesday, January 05, 2010 4:46:27 PM

Post# of 68397
Thanks for the research! I am going to paste the rules here:
Investopedia explains Rule 10b-18
The rule breaks down as follows:
Manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day.
Timing: An issuer with an average trading volume less than $1 million per day or a public float value below $150 million is unable to trade within the last 30 minutes of trading. Companies with higher average-trading-volume or public float value can trade up until the last 10 minutes.
Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
Volume: The issuer can't purchase more than 25% of the average daily

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