RE:RE:RE:RE:they bought Oceean/CognisantMD for $10.57MM + $7MM Earn Outspeedy99 wrote:
I don't know the legalities of why they feel they need to wait for the release of 4th quarter results before commencing buybacks, but would be interested to know the reasons for that position.
they're prohibited to do the buybacks as they are privy to the year-end financial results, which aren't public yet. it's like trading on insider info.
management also can't do any insider buying right now.