So Sunnybanks replied: "Some resources for anyone interested in stock repurchase criteria... last remark pertains to last link and would address CWRN buyback questions.  Happy reading!

I've asked others for suggestions on how the co can thus execute buyback but didnt receive any answers from anybody.

http://www.sec.gov/divisions/marketreg/r10b18faq0504.htm
http://www.bingham.com/Alerts/2010/02/SEC-Pro...afe-Harbor
http://friedfrank.com/siteFiles/ffFiles/04060...harbor.pdf
How Does The Rule Apply to Nasdaq Small Cap, OTCBB and Pink Sheet Securities?  The Nasdaq Small Cap is a “consolidated system” and repurchases of such securities would rely on subclause (1) above. TheOTCBB and Pink Sheets use “inter-dealer quotation systems” and repurchases of these securities would rely on subclause (2) above.