Absolutely correct andd it should have been on my list....thank you!
There are specific SEC rules that apply to buybacks.
http://www.mofo.com/files/uploads/images/faq-rule-10b-18-stock-repurchases.pdf
If this won't display corectly go here...
PDF]
www.mofo.com/.../faq-rule-10b-18-
stock-
repurchas...
Jan 25, 2010 - liability under certain market manipulation rules (i.e.,. Sections 9(a)(2) ...stock is to repurchase shares of its commonstock in the open market.