I got a call from the broker last night saying AUQ had a buyback in place through today 1-18-2013. Offer price was between 8.30 and 9.30. It was up to AUQ to take or decline your offer.
It was a dutch auction. I really hope everybody ignored it because I offered my 9,900 shares at $9. If I sell, I'll just buy them back the next day for $8.
Have they taken the offer? Surprised they offered as high as $9.30. Especially knowing what their earnings were going to be.
its to make your broker rich. I sure the broker charges a fee. Why not just sell on the open market?
Perhaps this news release is well-timed & just prior to the buyback offer to ensure that they get enough investors to offer the maximum amount of shares repurchased at the lowest price (i.e. $8.30)! Then watch the price go up after January 23.