http://securities-law-blog.com/2009/12/04/sec-stoc
Post# of 12259
Posted On: 12/02/2014 11:29:10 PM
Re: smartmoney #3565
http://securities-law-blog.com/2009/12/04/sec...-examined/
Volume of Purchases. The Rule limits the amount of securities an issuer may repurchase on the market on a single day to 25% of the four-week average daily trading volume in its shares (that is, the average daily trading volume during the four calendar weeks prior to the week in which the 10b-18 purchase is to be made). However, issuers are permitted to make one block purchase of its common stock per week outside of the volume restrictions. Issuers have to include block purchases in applying the 25% vol-ume limitation. However, issuers would also be permitted to include block purchases in calculating the ADTV for their securities, thereby increasing the amount of stock able to be purchased within the safe harbor. The Rule defines a “block” as a quantity of stock that (1) has a purchase price of $200,000 or more, (2) is at least 5,000 shares and has a purchase price of at least $50,000, or (3) is at least 20 round lots of the security and totals 150% or more of the ADTV of that security. As an alternative to the 25% vol-ume limitation, issuers are allowed purchase up to a daily aggregate amount of 500 shares regardless of the ADTV of the security. Thus, an issuer’s purchases, on any single day, may not exceed the higher of 25% of the ADTV for the issuer’s security or a daily aggregate amount of 500 shares. Manner. The Rule requires an issuer to use only one broker or dealer (per day) to bid for or purchase its common stock.
It's starting to make sense now... The bashers try to prevent investors from buying to keep the 4 week average daily trade volume low to impact Joel's share buybacks. Is this stock manipulation? Is this the real red-herring? a basher masquerading as some penny stock detective with a vendetta to DEFAME and spread LIBEL amongst our great CEO.
SHAREHOLDERS!!! - I encourage EACH and EVERY ONE of you to take part in the fight against these conniving scaremongering LIARS!
- take part in this class action lawsuit against IHub!
QUOTE FROM THE CEO OF GBHD
Get em' Joel.
Volume of Purchases. The Rule limits the amount of securities an issuer may repurchase on the market on a single day to 25% of the four-week average daily trading volume in its shares (that is, the average daily trading volume during the four calendar weeks prior to the week in which the 10b-18 purchase is to be made). However, issuers are permitted to make one block purchase of its common stock per week outside of the volume restrictions. Issuers have to include block purchases in applying the 25% vol-ume limitation. However, issuers would also be permitted to include block purchases in calculating the ADTV for their securities, thereby increasing the amount of stock able to be purchased within the safe harbor. The Rule defines a “block” as a quantity of stock that (1) has a purchase price of $200,000 or more, (2) is at least 5,000 shares and has a purchase price of at least $50,000, or (3) is at least 20 round lots of the security and totals 150% or more of the ADTV of that security. As an alternative to the 25% vol-ume limitation, issuers are allowed purchase up to a daily aggregate amount of 500 shares regardless of the ADTV of the security. Thus, an issuer’s purchases, on any single day, may not exceed the higher of 25% of the ADTV for the issuer’s security or a daily aggregate amount of 500 shares. Manner. The Rule requires an issuer to use only one broker or dealer (per day) to bid for or purchase its common stock.
It's starting to make sense now... The bashers try to prevent investors from buying to keep the 4 week average daily trade volume low to impact Joel's share buybacks. Is this stock manipulation? Is this the real red-herring? a basher masquerading as some penny stock detective with a vendetta to DEFAME and spread LIBEL amongst our great CEO.
SHAREHOLDERS!!! - I encourage EACH and EVERY ONE of you to take part in the fight against these conniving scaremongering LIARS!
- take part in this class action lawsuit against IHub!
Quote:
GBHD welcomes other interested public companies and their shareholders to join this class-action suit against such a despicable, dishonestly ran organization, Investorhub.com, Inc.-Tallahassee, FL., and its parent company, ADVFN.COM-London, England.
To inquire, please contact, Mr. Richard Kaiser, Global Holdings, Inc., 757-306-6091, info@gbhd.net, www.gbhd.net.
finance.yahoo.com/news/global-holdings-inc-gbhd-seeks-170008729.html
QUOTE FROM THE CEO OF GBHD
Quote:
Merle Ferguson, CEO states, "Lies, 1/2 truths, libelous attacks, fear mongering post, deceitful intents to do harm, ignore or encouraging harmful postings, removals of factual and verifiable postings, and other serious issues, as such, we believe that such activities at IHUB warrants a class-action suit. These aforementioned harmful tactics which we believe have caused current and economic loss for GBHD, its shareholders, other public companies and other public companies' shareholders values, needs to be stopped and stopped, NOW."
Get em' Joel.
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