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Re: nosebush post# 35767

Friday, 12/20/2013 6:49:24 AM

Friday, December 20, 2013 6:49:24 AM

Post# of 53842
Can a pink sheet company trade its own shares?

To put it another way, what stops Virtra from buying and selling its own shares in the open market as a way to support the price?

Their cash is ~20% of the market value of the stock, they could spend a few hundred thousand buying the stock at 100K shares a day, eventually selling when the price goes much higher if they need the funds later.

Is there any regulation that precludes them from doing this?

A stealth buyback, if nothing else.

Andy
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