I have owed this stock off and on in past. It does not perform very well because of his management style. It may be worth more but not at this time. I think this is more about control than market value. he wants the extra share to fend off a board take over.
Since announce of tender 88,800 shares have traded. Purchase of 575,000 shares in tender. I doubt it will be oversubscribed.
I doubt it will be oversubscribed that is 27% of out standing shares. I don't know if it is a first come first serve on the tender or if it will be a percentage of each if oversubscribed.
The only thing that could go wrong with buy back is the board not approving it. Any thoughts