Mgmt should use some of the $7M in cash they have and buy back 2M shares of this stock. It would be the best use of the cash.
Issuing stock to raise cash to buy back stock? That would be pretty dumb.
Still think its silly!!!
Sentiment: Strong Sell
Yes. They aren't going to do a buy back. If they were making money and had extra cash that would be the scenario.
They need to make money. Even a SEC investigation (which might be called for) would help us much since they don't have any money to pay if there was a class action suit.
They lost $2M last quarter. As is, they only have enough cash for a few more quarters. If they bought back stock, they'd deplete their cash in an instant.
That's a silly use for their $7 million. Better PR and more attention to becoming profitable is what they need to do.
Actually getting another settlement (FB or LKDN) would do the trick as well. It is possible that one of those could settle rather than go to trial.
they wont do that if they can just wait till losing markman like goog and vrng