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shotsky

09/06/18 1:57 PM

#112285 RE: PayDirt! #112283

I don't think JT knows the rules for stock buybacks. I posted them earlier today. First of all, there will need to be a 10K (not an 8K as he stated) filed with the SEC, stating how many shares will be bought.
Then, the price paid cannot be higher than the current bid on the open market. So, it's complete BS about paying higher - that would be illegal, and would be immediately under the eye of the SEC.
And, the number of shares cannot be higher than about 25% of the shares on a given trading day.

My advice is to just sit back and see what he actually does. The ONLY benefit to share buybacks is to shareholders, so it doesn't help the company at all. Where is the money coming from to buy back shares? It has to be money that NSAV already has, but we have not seen fins for months, and have no idea if there is any money or not.