this mgmt. team is terrible, the stock sinks in price ,the only announcement they make is the CEO is selling 11% of the outstanding shares and lastly they sit on $10.00 per share in cash and haven't announced a stock repurchase program, Lets us shareholders remember them when "proxy" time comes!!!!!!!!!!! out, out they get voted
A stock buyback in the face of the CEO selling is essentially the transfer of company funds to the CEO. I think it's a good thing they aren't buying back stock while he is selling. It shows that at least the BOD is not a big crony group.