When the company did the buyback, the share price was 0.026 on 7 Nov 2018. When investors definitely knew that the company stopped the buyback in late January 2019, investors start selling the stock, and the price dropped to 0.018. Please search in google how the company uses buyback announcement as a signal regarding the future prospects of the company. So the company must be cautious in deciding whether to announce buyback or not.
Search research based studies in regard to the purpose of buyback announcement.
buyback announcement: positive signal
Stop buyback: negative signal
However, yesterday, we saw over 3 million shares traded at 0.018 and there were still remaining bid of 2 million shares at 0.018. Let see next week, whether those shares were bought back by the company or by investors.
Do not call other people "idiot" when you do not agree with his or her conjecture. Your theory is only a theory. You are really immature.
When the company did the buyback, the share price was 0.026 on 7...
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