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He disclosed that the company's audited balance sheet was incorrect, falsely showing about $3.6 billion of outstanding bonds as having been repurchased, among other misstatements.
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To date, 30 million shares have been repurchased for $956 million.
In each case, the shares have been repurchased for more than their current price.Other companies may do the same thing and merely label it differently, says Mr Gabele.
In a recent filing, Microsoft stated that all but $3.614 billion of the current $40 billion program had been repurchased.
Approximately 17,000,000 of the some 45,600,000 two-cent pieces issued had been repurchased by the Treasury as of 1909.
In August alone, a couple faced foreclosure because of a mortgage payment made too early, and a soldier returned from Iraq to find his home had been repurchased that same day.
The Guney family's efforts to attract new custom have been successful, to the extent that some of the lands sold off in the 1970s have now been repurchased by the cemetery.
The Neuilly house has just been repurchased by a group of friends who will make it into a school as a memorial to the dancer's two children so tragically drowned in Paris in 1913.
The company has also been repurchasing shares and increasing its dividend.
New disclosures would include the amount of assets in previous pools put together by originators or sponsors that had to be repurchased because they failed to meet the quality measures stated in the prospectus.
When commercialised, both hybrids and genetically engineered seeds have to be repurchased every year because they won't render consistent results if saved and used in subsequent plantings, or because they are protected as the "intellectual property" of seed companies.
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