You might want to read my post again, marketbear. I pointed-out when & how QBID could insider trade.There is more to it than simply "disclosing" it. QBID, according to SEC Rule 10b, would have to be doing a merger to qualify for a "buyback" or "recapitalization".
Rule 10b
Availability of Rule 10b-18 once a Merger, Acquisition, or Similar Transactions Involving a Recapitalization is Announced
We proposed to amend the definition of "Rule 10b-18 purchase" to clarify that the current exception for purchases effected "pursuant to a merger, acquisition, or similar transaction involving a recapitalization" includes purchases effected during the period from the time of public announcement of the merger, acquisition, or similar transaction involving a recapitalization, until the completion of such transaction. Once a merger or acquisition is announced, an issuer has considerable incentive to support or raise the market price of its stock in order to facilitate the merger or acquisition. For example, in a recent contested takeover, several news articles suggested that the banks repurchased their respective securities in order to boost their stock price to enhance the value of their competing merger proposals.
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