companies buy back stock all the time but I think they generally do that with operating income, not ico funding. buys walls coming from the funds invested in the waves platform is a bad idea. most likely at this stage any buying back of tokens is a mistake. that money should be used for development....if this is as long a term project as intended the short term token price is somewhat meaning less. screw the buy walls. let the price settle where it wants
Companies take also credits for buybacks. If the expected return is high for the buy back it is OK. Look at IBM, low PER high credit ratio due to buy back and high operating margin. So if you buy back at a price lower than the fair value it is OK. The issue is nobody knows the fair value for one wave.
better do it quick better dolores and his gang wakes.
