I have a question for the board.......FITX issued

I have a question for the board.......FITX issued many restricted shares which we all know are due to be unrestricted in the coming months. Most of these shares are issued at .001. Would it be possible for FITX to buyback these shares at a slightly higher price, not necessarily at current market value and retire them? For example, stocks issued at .001 restricted, current market value .06, buy them back before they become unrestricted in July or August at say .01 and retire them??