Hmm. Is it insider trading for the company to buy shares based on insider information? I’m sure the SEC would have an opinion on that. Ever since they declared that shorts are investors, I’ve lost any kind of faith in them.
I think the board has to approve any buybacks with shareholders or at least pre-announce a buyback plan. Not sure if it’s a legal requirement, but I know Apple did it almost every time.
Filing this under “It would be awesome but I’m skeptical…”
Elon doesn’t sell on the vast majority of days - is the fact that he also wasn’t selling these past four days material? I don’t know the answer.
@mongo gave me the impression in the buyback thread that they could just do it after already announcing it on the ER. Are they required to give notice to let people front run them? I don’t know the answer to this, either.