Autobytel Inc. (ABTL)

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Spartak, we're already in the second phase of the buy-back. ABTL's locked into a bunch of restrictions on how much they can buy back at any time and how much they can pay. They also have restrictions on the hours of the open market they can trade. That 133K shares is a problem, but not a big problem as far as the buy-back is concerned. What it does do is to prompt retail sellers who want to sell their ABTL shares to come in with ask-prices of .7799, .7798, etc. That puts a lid on the price for the day for all intents and purposes.

Incidentally, how did ABTL manage to buy back all those shares at an average of .76 when they had already bought back a ton of shares at a lot higher price? I have to go back and check the figures, but I know it doesn't average out correctly.

Something isn't right about this whole thing.

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