Naturally the cash balance will be down as long as they continue to buy back stock with cash. I wish we could use the Obama rules of double counting so we could maintain all cash positions and use a no cost basis for stock repurchases. LOL
"Cash and cash equivalents at the end of the fourth quarter of 2010 were $4.2 million compared with $9.6 million at the end of the fourth quarter of 2009 and $5.4 million at the end of third quarter of 2010.The decrease in cash and cash equivalents from the third quarter of 2010 was primarily the result of the use of $2.8 million for the repurchase of the Company’s shares, $0.5 million for repayment of the Company’s bank loan and $0.3 million for investment in equipment, which was partially offset by cash flow from operating activities of $2.3 million."
As stated by other posters here I would prefer a small dividend to attract potential shareholders. Personal opinion but I don't think you see below $.79 any time soon although, in this market, who knows. They just released a sneak peak at the new OpenSRS dashboard so we'll see how that is received once rolled out.