A company cannot buy back shares if their liabilit
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Posted On: 10/24/2018 8:57:11 AM
Re: feiginator #19695
A company cannot buy back shares if their liabilities are larger than their assets, and ANDI's liabilities are surely larger than their assets considering they have had no revenue and only costs adding up.
Then there's this >> a company has a duty to announce a share buyback program/plan prior to doing so. That is to eliminate any optic of insider trading. If anyone at the company, (Green, or whoever), does what you are suggesting, namely buy the float on the day news is released and without prior notice, the SEC would suspend ANDI immediately and all your money would be lost.
That's the short list as to why there is no current plans for any share buyback.
Then there's this >> a company has a duty to announce a share buyback program/plan prior to doing so. That is to eliminate any optic of insider trading. If anyone at the company, (Green, or whoever), does what you are suggesting, namely buy the float on the day news is released and without prior notice, the SEC would suspend ANDI immediately and all your money would be lost.
That's the short list as to why there is no current plans for any share buyback.
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