Good governance re buybacks is for the company to make a statement detailing the process and outlining certain procedural safeguards which are aimed at ensuring that the buyback does not distort the market price of the shares ….and importantly saying fair to all shareholders (those selling and those keeping) by stressing all transactions are done at “arms length.”
MHJ seem to be a bit slack in this respect
So is this buyback all going to be big free for all ….to the detriment of shareholders …but then share buy backs are meant to be fabulous things for share holders who don’t sell.