Muscle Pharm Corporation (MSLPQ)

[justlovethegame]

Let me give an example: company A is buying back 100,000 shares finds out that they have discovered how to cure the common cold. Would it be fair if they knowing that information bought back 50million shares.Keep in mind they are literal insiders.

This still does not state anything to the effect that they can NOT buy back more shares... Actually if you are claiming fiduciary duty then buying back more shares than originally PR'd to benefit shareholder value would be a direct example of a good practice of "Fiduciary Duty"

http://definitions.uslegal.com/b/breach-of-fiduciary-duty/

Quote:
A fiduciary duty is an obligation to act in the best interest of another party



buying more shares would be the company acting within good practice of Fiduciary Duty.

Would you care to try another example? Or possibly provide a link to something concrete stating they can not do this.