What would Bravatek use for a stock repurchase - more toxic financing?
Since Bravatek isn't profitable the results from a buyback would be disastrous.
Cellucci has to file a 10-Q, 10-K or 8-K with the details of a buyback.
It is detailed in SEC rule 10b-18.
Cellucci will have to disclose the following for a stock repurchase.
"At a minimum, disclosure should be made with enough time to allow the market to absorb the announcement and include the following information:
the estimated time period during which the purchases will be made;
the maximum number of shares proposed to be acquired or the maximum amount of funds to be expended;
the objective of the acquisition of shares;
any plan or proposal relating to the disposition of the shares to be purchased;
and an indication of how the purchases will be made.
The disclosure may be made in a Form 10-Q or 10-K, or by means of a press release or Form 8-K"
Instead if hinting at a stock repurchase - Cellucci needs to disclose the above - chatting it up on social media is just pumping.
IG