Rob and Mitch are not buying 5 million shares, PCFG will be doing the buying. There is a subtle difference. No buying will happen until the company has a surplus of cash above their operating needs. When the buyback does happen you will know the company is in very good shape. The purpose of the buyback is to reduce o/s, this does not happen unless the company does the buying.
Also Rob and Mitch would not hold back the results to buy. That would be insider trading, and they are very careful not to even have the appearance of insider trading. I beleive they expect to become billionares from their PCFG holdings and will not do anything to endanger that.
To answer the questions about other companies reporting in two to three weeks after the end of quarter. Those companies have whole departments working full time year round on their reporting. We get one person from the auditors and we are most likely not his only client. Also as I have said several times before, Management doesn't determine when the report is ready, the auditor does. Rob and Mitch are only an input source to the Auditor. They only approve and sign the report.
Another point I have said before If we wait until Nov 15th we may get October production numbers as part of the fourth quarter guidence they promissed. I think that alone makes the wait worthwile.
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