What you leave out is the fact that shares have to be retired to be bought back. So you are correct on that fact only but there is nothing stopping the ceo from negotiating with the brokers for the return of shares as the dd shows is the case. And when the announcement comes that x shares are retired everyone will be correct.
No one is saying they are not retired. What everyone is saying is the ceo has been using negotiated transactions since December to get the shares locked up. It’s ridiculous to think the ceo would spend $200 mill usd as you mention to buyback shares. The bulk of the shares are already locked up from December to March. It cost a fraction of what you claim since we were in the .0016 range and lower when that happen.
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