Your frustration is WARRANTED and JUSTIFIED. Frankly, the board of directors look like BUFFOONS for not announcing a share buyback. And the officers and directors are presumed to have NO confidence in the company's survival, without ANY open market buying, even though they had the chance, when the last window was open, at $1.00-1.10.
There's a TOTAL DISCONNECT, at this point, between the "true value" of the company, and the market value. And the market value is very much the tail that wags the dog here. If they come out with a buyback announcement, or even show that they can meet estimates of breaking even, for the fiscal year ended 6/30/09, there is no doubt that this stock will be probably 3-5x its current price, later this year.
I choose not to "freak out," because of the lack of insider buying, because I believe that 19 years of profitability, out of the last 20, from core operations, speaks to the strength of the model. So I'll just keep selling other positions, to buy this, as, or if, it gets cheaper.
People are going to be "kicking" themselves for not buying this stock, when they look back, 1 or 2 or 3 years from now.