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old_timer99

02/03/07 3:16 PM

#264787 RE: marketbear #264779

marketbear, according to the SEC, a company can do a recapitalization, or a "buy back" of its own shares, is when they have announced a merger by 8k. The buy-in extends up to the time the merger is consumated. Rule 10b.
As for selling by insiders, the 144 must be filed with the SEC prior to selling the shares.