Not possible IMO. It would constitute a material trading advantage to the select few he purchased from... They would have advance/select info on the buyback and the resultant share reduction. This would give them an unfair trading advantage ..contrary to SEC regs.
Point 2# Fayiz disclosed Motorola...and blew it. He disclosed "relisting"....and blew it. He disclosed "buybacks'..and basically blew it. (yea he repurchased afew...and diluted a TON more!
...etc...etc...ETC!
Maybe...just maybe...he's learning to keep his Yap shut till its a REALLY worthwhile announcement. Cause he aint blown it yet...but...its not great!
Or maybe the Mystery company put an order of silence on him...in exchange for...????
What Fayiz said at the shareholders meeting was that one avenue of buying back shares was to offer to buy back a set amount of shares at a certain price to all shareholders on a first come first served basis. That was one way to avoid a day trader feeding frenzy, and also side step the sec regulations of the percentage limit set that a company can buy of their own stock during a trading session.
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