SEC Rule 10b-18 states that a buy back must be administered during ``normal`` market conditions and can not be administered during certain corporate events. Would the J-3 situation qualify under certain corporate events.

I realize this is somewhat of a double post but I`d like to know if Patriot could start buying back shares now as this is a golden opportunity IMO.

Thanks and GLTA

``Because Rule 10b-18 assumes normal market conditions, the definition of the term ``Rule 10b-18 purchase`` excludes issuer bids and purchases made during certain corporate events, for example, mergers, tender offers, and distributions that involve the issuer.9 The safe harbor also does not confer absolute protection from all liability for purchases (e.g., purchases that are part of a plan or scheme to evade the federal securities laws) -- even if made in technical compliance with the Rule.10 Rather, the safe harbor provides only that certain, specific provisions of the securities laws will not be considered to have been violated solely by reason of the manner, timing, price, or volume of such repurchases, provided the repurchases are made within the limitations of the Rule.``