Why on earth are they not going to town on this buyback?
If the company doesn't believe the stock is worth $8 share, then why would a potential investor allocate their funds to this company.
This is mind-boggling. There is not one single shareholder who would be opposed with a $23m spend on shares at $8 PPS.
If the stock isn't worth $8, we're all screwed anyways.
Its time for some action and bold thinking Board of Directors.