@ConnerEx: I don't understand your figures unless you're trying to figure out how the company came up with the "up to 20%" figure for the number of shares repurchased (For the life of me I can't see how they arrive at that figure unless they do the capital reduction and special dividend before they start buying back the shares. In which case we wait even longer for the buyback to commence!!!). From your calculations, how can the company assume that "the average buy back price will be $2.30/share" when the shares are trading at $280 and the low price this year was $2.58?
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