$HDUP - you certainly could be right. Buy backs take place over time, it's not done in two trading sessions. So here is the math:
The only shares they could be "buying back" would be shares owned by others, so we have 229mil O/S and we have over 95mil with insiders and this leaves 134 mil shares to "buy back" - remember they control everything else so buying them back would be redundant.
So there are two choices, one is they could make an offer on Canadian shares (still under a CTO) and I have no idea as to how many shares are up there so we'd be guessing unless someone knows.
But the company said this in the last update, "The effect of this merger will allow Canadian shareholders to have their positions become fully tradable"
If that isn't the buyback and the above statement regarding Canadian shareholders does cast some doubt on that, then they will need to buy on the open market. We have new MM's and they are not retail MM's...I don't know that their sitting on the bid means anything but it's worth watching.
Market Data 
Markets 
AI
