See here is what is about to happen, they need a bid in order to conduct their buyback.
Tomorrow they will put out the news and start using the $750k they have set aside for the buyback and all shares bought will be retired. So the float being reduced is nothing compared to what is about to happen.
$GNCP
I am hoping it falls down to like 6 or 7 bi. They have already reduced it by 29% + todays reduction of the a/s i would say we are down almost a good 35%. That is now before the actual ask whacking starts