Replies to post #168161 on Green Leaf Innovations Inc (GRLF)

[Carjockey2]

Not familiar with a buyback on the OTC as they're very rare cuz usually OTC stocks are scams with zero revenue and zero product... it's not the case here we actually have great revenues so again I'm not sure the rules for the OTC.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176601100

[USVIHI22]

Now you could have someone buy and sell at the bid in order to increase volume and thereby increase the amount daily a company could buy back. I'm just throwing darts at the wall.

[BadaBingPebble]

An OTC company can buy back up to 25% of the average daily trading volume (ADTV) of its shares, calculated over the previous four weeks. This limit applies unless the company makes a single large "block purchase" in a week, in which case it is exempt from the daily 25% volume limit for that specific day, provided no other repurchases occur that day. Other restrictions include buying at an acceptable price and using a single broker for daily transactions. 

Daily share buyback volume limit: A company cannot purchase more than 25% of the ADTV over the preceding four weeks.

Block purchase exception: Once per week, a company can make a single "block" purchase that is exempt from the 25% ADTV volume limit. However, it cannot make any other repurchases on that same day.

Timing: A company cannot trade during the last 30 minutes of the trading day if its ADTV is above \(\$1\) million and public float is above \(\$150\) million. Smaller companies have a 10-minute restriction.

Price: The repurchase price cannot exceed the highest independent bid or the last independent transaction price at the time of purchase.

Manner: The company must purchase shares through a single broker or dealer on any given day to ensure good faith and prevent market manipulation.