it called conflict of interest and could land him in pinky jail .It would be illegal to have one group running a buyback for you while you are trying to clear out old debt and buy your own shares to boot
So the bank pulled the buyback to allow dean to get his shares which is what we want, restricted for 6 month. We will be well past a buck (more likely $3-5) easily when these shares see daylight. Keep buying Dean!
Buyback shares are not being returned to treasury but will be held by company for benefit (awards) to staff, so these shares stay in O/s but are subtracted from the float. This is what will help cause the initial pop on closing news. Watch next week when last dilution shares should hit (if any left)which should be early inch the week. Everything has been absorbed. So watch how easily we move from then on. I suspect we see all the money being brought to play for the buy back. When that starts in ernest, thats my signal for game on.
Awhile back many reported how confident Dean was about this going to .50 on news of first 4 closing. 6-8 acquisitions a buck Minimum
If it were me I would said the buyback up to push price to .25 before announcing anything. But thats just me and Dean is a wholelot smarter than me