Replies to post #407 on Empire Post Media, Inc. (fka EMPM)

[Liam122]

On April 30, they announced:

"...time to commence a stock buy-back program. With this in mind, Empire's Board of Directors has authorized the repurchase of up to 10,000,000 of Empire's outstanding Common Stock in the open market or through privately negotiated transactions."

"...The program is set to expire on July 30, 2012 but may be extended if market conditions warrant."

http://www.globenewswire.com/newsroom/news.html?d=253797


And on September 24:

"...announced today that it has retired 42,400,000 shares of the company's issued and outstanding common stock, reducing the issued and outstanding by approximately 18%."

"...Empire is still committed to purchasing Empire's shares in the open market or through privately negotiated transactions as funds allow and depending on market conditions"

http://ih.advfn.com/p.php?pid=nmona&article=54278957&symbol=EMPM


Total trading volume for the months of May, June and July combined: approx. 21M shares
Total volume since April 30th, INCLUDING August: approx 31M shares.

This is where the "privately negociated transactions" come into play. Empire CAN NOT have purchased 42M shares in the open market.

Anybody with more knowledge than I willing to fill up the gaps?