>>78028637Imagine it like this:
You're an amazon seller and you've got a lot of stuff lined up that you're trying to sell. You aren't seeing any customers though, turns out nobody wants to buy stuff from a seller that doesn't have 5 stars in their account. But to get that rating you need customers, right? Well you decide to make a bunch of dummy accounts and buy your own shit so you can give yourself a 5 star rating! Sure you lose out on the sales tax and s/h fees in order to have amazon process it, but now your storefront looks a whole lot better with a full set of shiny 5 star reviews. Plus, you can put your products back up for sale again, and people will be more likely to buy them because you have a much better rating overall.
That's essentially what a stock buyback is, you waste money buying what you're supposed to sell to other people to make it look like you're being successful.
