And what if 60-80% of the volume ( say 60,000-80,000 shares a day ) is bought by the buyback ?If AUDC buys an average of 70,000 shares a day, it means that every day they spend about $300,000 to support the share price.
Basically I agree with audcbuyuot.
However, I don't think that Shabtai will agree to sell the company for less than $12 a share.Anything below $12 will be considered a failure,especially after the recent $8 secondary .
In order for him to sell at $12 he needs to first bring the market price to $10, and then find a buyer who will agree to pay 20% premium.
I assume that the buyback is part of the plan to get the price to the desireable $10 target,but the buyback is not enough.
To get there AUDC needs to show vision,growth and profits.
A quarterly GAAP EPS of 15-20 cents will do the job.
Is Shabtai capable to deliver such earnings ?
I doubt he can,based on the history of the company.
That's why I think that Shabtai should step down and a new CEO must be appointed.