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work-n-hard

12/01/21 3:24 PM

#45412 RE: deut8-18 #45410

I know how the law can seemingly bend and twist, so with that said, I wonder if it could bend in such a way, as to allow for the company to award shares as compensation during such a period? If it was provable that this was the common practice of a company in the past, especially a regular intervals.

(Damn, I should have chosen law school. I'm good at this. lol)

doogdilinger

12/02/21 10:38 AM

#45442 RE: deut8-18 #45410

It's nowhere near as easy as you suggest>>>

IF THE COMPANY HAS MATERIAL INFORMATION that has not been made public it should not buy back stock.

https://www.journalofaccountancy.com/issues/1999/may/mccarthy.html