> If and only if people previously holding stock sell back to the company. This is trivial. They just buy it on the open market. This is public stock, people a

> If and only if people previously holding stock sell back to the company. This is trivial. They just buy it on the open market. This is public stock, people are always buying and selling. > Regardless, you realize no gains if you do not exit your interest on that stock. This is the big advantage of buybacks for shareholders! It is taxed as capital gains, and you can completely defer taxes by not selling. And "exit your interest" makes it sound like you have to sell all of it. You can just sell a small portion to make it like a dividend. You don't seem to be getting this. > The exit is non-optional, and often not reenterable from. Nonsense. It is optional. You can choose to keep it as stock or turn it into cash. And you can totally re enter. It's public stock. Are you mixing up publicly traded stock buybacks with something in private companies?