Companies are required to disclose any material event that could impact share price in a significant way. And, yes, what you're suggesting is illegal and ridiculous.
There is strong evidence that companies are able to profitably repurchase shares when the company is widely held by retail investors who are unsophisticated (e.g., small investors) and more likely to sell their shares to the company when those shares are undervalued.
The insiders bought most of their shares in the teens.Peeps need to understand a buyback isn't something that they just buy millions of shares back in one day.Most buybacks go on over many months and Vystar's last 10Q shows they just started making revenues in the 3rd quarter.Since then a lot has happened with product launches and who knows what else.I for one have always said the buyback is icing on the cake.They don't need one but if they even buy back 20 or 30 million shares that decreases the float which is good.Lots to come here in the form of sales moving forward and that is the bottom line for any company.
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