"But the trouble is, if the cappers work out that CFE are holding their fire and have no real intention of spending any money, it allows them to push the price down again. You have to make the threat of the buyback CREDIBLE. And even a few miilion shares bought back achieves this. Buying NONE says they can disregard the threat."
What would you do if you wanted to buy back shares and get the best number for the money spent. You'd sit back and let the market think it was bluff. That may push the price down. It may even be possible using bot trading to push the price down where it started to trigger stop losses which would push the price down further. (I suggest that senario was being played out on other stocks today.)
Then when it reaches a good buy with plenty of sellers lined up you step in and get good value for the money and the buying will recover the SP.
So don't worry if and when the buy back happens. Just go along with Tony, I suggest he is working out the best deal for improving the SP. After all he has more at stake than most of us put together. Don't let impatience cost you money.
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