You really think they are going to buyback over 800 million shares on the open market? HAHAHAHAHA, yeah right... More like a R/S coming to match that SoS amendment for an A/S of 200 million. They are not update on their financial reports to SEC and they never filed a 15-12G to de-register, legally insiders can not be buying back shares in this current state of delinquent pink no-information. If they pursue a reverse merger where they are at now legally, than SEC will most likely halt and suspend this to grey sheets.
When a company repurchases its own stock the outstanding shares decrease.
A share repurchase is a program by which a company buys back its own shares from the marketplace, usually because management thinks the shares are undervalued, reducing the number of outstanding shares.
The company buys shares directly from the market
Because a share repurchase reduces the number of shares outstanding, it increases earnings per share and elevates the market value of the remaining shares.
After repurchase, the shares are canceled or held as treasury shares, so they are no longer held publicly and are not outstanding.
A reverse merger is the most common alternative to an initial public offering (IPO) or direct public offering (DPO) for a company seeking to go public.
A “reverse merger” allows a privately held company to go public by acquiring a controlling interest in, and merging with, a public operating or public shell company.
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