RE: Buybacks30 May 2024 14:28
Putup, example:
A works for company X, or knows the management and they work together
A owns shares in Company X but no one wants company X
A bought the shares at .70 pence, knowing that company X has 90 million cash.
A and his pals know they cannot just take that money.
A and his pals slowly trade the price up together to 1.40
Then A sells his shares back to the company, which buys with 'buybacks'
C, D, E and all the other 'holder' bozos watch on