What would happen if they exceeded the limit? Probably nothing, or some very minor slap on the wrist - unless of course they went way overboard.

I believe the rules/limitations on buy backs are:

The intent must be announced in advance (done, per AMS)

Cannot exceed 10% of float in one trading day (no issues there)

Cannot exceed 25% of the volume of the previous trading day (i.e., the limit is known)

As some have pointed out, and others seem to neglect:

Buy backs would tend to at least sustain the PPS, and likely cause an increase based on (somewhat artificial) demand.

Buy backs demonstrate confidence in the security, that the PPS will go up.

The buying basically "feeds on itself", in that the mere adding of volume via buy backs increases (by at least 25%) the limit for the following day, compounding. And keep in mind that on the OTC, a buy and a sell each count towards volume. So no matter what the reaction of the market (more buying on the momentum created, or people selling into the buying volume), the volume of the day will likely go far beyond that 25% "enhancement". It would not be a static amount bought every day, but very probably ever-increasing amounts assuming they achieve the limit every day.

And the bottom line: IMO, most here believe we're at or near a bottom on the PPS. When better to buy? You'd rather they stick the money in the bank to collect 1.5% annual interest? The buying alone would likely run the PPS up well beyond 1.5%, daily, at least weekly, for some (lengthy) period of time. ROI! To match that 1.5% DAILY, at .14, the PPS only need increase .002. A day versus a year.....hmmm, what to do?

Shares in the treasury are basically equivilent to money in the bank.

JMHOs,

SGE