Thumbs up from me cheapcharlie.
Predicting a C/R the day before the announcement indicates you are a wake-up to management and their MO.
You are correct in stating "historically, they C/R on the lows". Why would they wait until we have an SP of say .008 when they can flog off 245 mil @ .004 to their SI mates?
15% rule is just a crock. After all, 15% x 10 is still 150%, isn't it?