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Opposite side is that there is no way the company could buy that many shares in the open market at what looks like $4.6o to $4.70.Almost half of book value.Lets hope that the company buys anothr 600K shares.Better to grow the company by repurchasing shares than to try and grow the company by increasing revenues (which they cant do profitably)
"Better to grow the company by repurchasing shares "And how exactly do you "grow a company" by using up capital for the purpose of "repurchasing shares " ?????
company stays the same size, but you divide by less # of shares outstanding, thus growing the size for the remaining shareholders.