Originally Posted by
Lapon
Enough faith to have purchased on market, or were they simply given to him?
Most of those shares have been gifted to Joyce. These companies are filled with executive grifters and shysters. Buybacks are another invention of the Wall Street white shoe brigade. Of course the share price rose upon the announcement of the buyback. The same way that markets rally and rise when the US guvmint announces things like quantitative easing or a bond buyback. Sharemarkets and their prices are rigged, the entire system is a rigged game. The global Ponzi scheme can only last so long.