NanoTech Gaming Inc (NTGL)

[DueDillinger]

PW- The law applies to non-reporting pink sheet stocks, and it's quite clear with regard to repurchase of shares. It's of course legal for any company to buy back its shares, but the law restricts the rate and price at which it can be done to prevent the use of the practice for the purpose of price manipulation.

The issue is not trivial, and there are a number of relatively complex conditions and a range of circumstances. Rather than simply quote Rule 10b-18 in all its complexities, it may be more useful to review the SEC's commentary when it relatively recently amended the rule. I think you'll find all you need to understand why Cetek can't simply buy back 5BB shares at .001 as you propose.

http://www.sec.gov/rules/final/33-8335.htm