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solong

01/21/22 4:18 PM

#6719 RE: cookieman4eva #6713

$HDUP - a reverse split is not the same as a "buyback" which is the word they've used.

https://www.investopedia.com/terms/b/buyback.asp

A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market.

Companies buy back shares for a number of reasons, such as to increase the value of remaining shares available by reducing the supply or to prevent other shareholders from taking a controlling stake.