They refer to the shares being bought back as shares from the public float, so that would infer shares bought on the open market and not including what management owns.
The big question to me will be what is their buying schedule? The PR states they can buy up to 170,958 shares per day, but will they actually buy that amount every day? Will they buy that amount every two or three days? They didn't say, so that's what we don't know. If they buy all the shares they can everyday I would think that would get the SP up fairly quickly.
Barring a big market sell off going forward, PTQ could have put the bottom in on Tuesday.
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.