And I would assume a company like PHIL could not only negotiate a price for the buyback but possibly negotiate the transaction date as well... say to June 30th (giving the company time to get current and in position to retire the shares once they are booked) and perhaps said broker realizes that date is drawing near so they need to come up with all the shares that they know are missing and will come to surface when the clearinghouse works up the math.
I believe Henry could have negotiated a prearranged buyback but no proof has been shown that this has happened. So as far as anyone knows the buy back still might need to be done at current levels. We will really have no proof one way or the other until this is current. So everything is just speculation.
To me it looks like MM’s are flipping shares to make as much money off of the prearranged price that they negotiated with Henry but that’s just a guess.
All I know is Once this is let loose the share value should climb to all new levels.
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