Doubt it. The "buy back" was put in place to prevent the stock from slipping below the $1.00 mark. Once the announcement was made, volume and price went up. Once the bottom was established, It was effective in putting the shorts at bay and reversed their stranglehold.
On two occasions in recent months I contacted IR with the same question, but received no response. The $2M share repurchase announced in April, 2013, could be significantly increased since the co. had over $84M in cash in early April. A sizable buyback would send a very positive sign to the financial markets since the float is only 25M shares (out of 38M ). The only hope for us long-suffering shareholders is that the cash will attract a buyer ( possibly co. insiders ) to take the co. private . Management's failure to communicate is disappointing and unsettling.