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06/12/12 9:35 PM

#32240 RE: learning curve #32239

the trading volume is share volume specific, if it was otherwise it would be stated differently.. under the volume rule it states specifically

an issuer may simply not purchase shares exceeding 25 percent of the stock's four-week ADTV.



The only rule pertaining to price in a share buy back is


An issuer can repurchase its common shares only at a price that is no higher than the current independent bid or the last independent transaction price, whichever is higher