Replies to post #68256 on Indocan Resources Inc. (IDCN)

[Slojab]

That's not a stock buyback. With a buyback, the shares the company purchases on the open market are returned to the treasury, lowering the O/S.

What I infer from that statement is that insiders are buying shares for their personal accounts. And if they're doing so in the quantity inferred, they need to file a Form 4 within 4 days to acknowledge that. That's so they don't benefit from trading on insider information that hasn't been released to the general public.

Yes, they have been purchasing in very large amounts ( essentially it equates to several percentage points of the company’s available stock being bought back last week and will continue to do so this week)

[Slojab]

He should update OTC Markets about the new website. The one there is no good and says it may be for sale.

www.indocan.com

This domain may be for sale

[Slojab]

I don't see any financials posted to the website, btw.

https://www.indocanresources.com/financials/

Financials for the company are listed on the site www.Indocan resources.com

[zagdad]

stoflat, I do read all posts here. Your comments are legit when the is a suggestion that insiders, officers, major investors are possible buying, unfortunately your original posted did not suggest that and that is what I was responding to.....quite a difference between the "company"buying shares and individuals.... I doubt there will be any 8Ks on that.

You began with..."For instance, a PR about the company buying shares is a big deal that needs to be issued SO we can increase exposure to the greater public and maintain this level and beyond. IMO"

yep it is all in the reading......GL2us

[Iron heart]

$IDCN - Thanks for sharing! How did you get the message? By email?
Regards Ih