There is no law preventing them from an RS.
Didn't the Enron execs say 'everything is fine'?
I'm not calling him a liar, but he certainly can and it is perfectly legal for him to do so.
Time for Xan to pull out his RS toilet paper roll, but it IS going to happen, regardless of what someone 'said'.
Unless of course, you have some kind of contractual agreement stating that they won't RS. But If I were JF and wanting to BS more people to not bail out, I would say whatever they wanted to hear as long as it was not illegal, and just "saying" I won't RS does not hold me liable in any way.
This very well could be the reason for two splits instead of one. One massive RS would make even YOU give up, so we make two halves out of it and those that stayed in the first time will feel comitted to take it in the shorts on the second half. Then you will finally see that the float and OS has been so drastically reduced that you will spend even more to buy more shares, then the OS increases.....
Time will tell.
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