RE:RE:RE:RE:RE:RE:RE:"Impressive Progress" So, you're saying the company probably sold shares directly to institutions and the buy back would be from those institutions, which wouldn't be able to sell for a while because of minimum hold requirements?
If that's the case, please note that any direct sale to an institution would be a material transaction which would have to be reported to the market. Since there has been no such report and since the company said they wouldn't do a fund raise, I think you're supposition is beyond highly unlikely.
And, if there was a buy back, it would not be limited to institutions only. That would be basically insane. It would be done via NCIB and there would be plenty of shares available, depending on normal market conditions.
Efnjesuschrist wrote: Not at all. You completely misinterpreted what I said. I'm saying that the extra shares look like they were sod to fund managers.