The premise of your argument is based on the assumption that the buyback has not begun. That is just an assumption. The FACT is that none of us know. The bridge loan has been in place for several months. There has been huge accumulation over the last month or so. It may be done. It may not. You cannot deny that when we learn that it is complete and we find out the O/S and float have shrunk considerably that the PPS won't rally hard.
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