Replies to post #48309 on HPIL Holdings (HPIL)

[Frayed Knot]

CORRECT, it is not a "buyback" AT ALL.

I don't know if it is illegal but it's not a buyback, that's for sure.

It seems sketchy AT BEST.

[shotsky]

Opinion doesn't matter. We will have to wait until they explain it. But the company, itself, cannot be involved without the filings. People buying stock is just trading, whether they decide to hold it or trade it.

"Insiders are legally permitted to buy and sell shares of the firm and any subsidiaries that employ them. However, these transactions must be properly registered with the Securities and Exchange Commission (SEC) and are done with advance filings. You can find details of this type of insider trading on the SEC's EDGAR database."

[Frayed Knot]

THUS it is not a TRUE "BUYBACK" and that is the point.

It might happen, it might not. There isn't anything official.

Just like the rest of the BS that SB has been doing.

ALL PRETEND.

So what if a few "special" investors buy some shares..

It's call TRADING... nothing more.

No shares go back into the "treasury"..

It's a NOTHING THING..

Little Stevie and his distraction tricks.