Replies to post #140056 on Green Energy Enterprises Inc. (GYOG)

[machcobra]

yes, but a good strong buy back will require the bid to move up!

[HOSS]

Where did you get that information? I am not sure if it differs in the penny world versus big-board stock, but in my experience the order must be placed at the ask...if the ask then turns to the bid, it need not be changed, and so then would be considered buying back at the bid...any new orders need to be placed at the ask...so they could remove the order, let it drop some more, then buy again at the ask...I am not 100% certain, but 97%...anyone know for sure?

[BiPolarBear]

This is penny Candie PPS just wait a little very little more!!!

[LCLiving]

Once the ask is hit, they can also buy at the ask. They can not initiate the hit, but can follow the last trade.

[artfink]

IF they are following standard buyback rules (which I don't believe they have to as a pink sheet) they can buy at the bid OR the ask. However, if they buy at the ask it has to be AFTER a previous buy at that same price. The rule requires that the buyback NOT cause an uptick. Buying at the ask, however, is fine.