It is fine to give BOD stock options but they should not be able to cash them in until the stock reaches a certain price i.e. $8-10 per share. They need to build the price rather than beat it down each time it start's to rise a bit. They are just saprophytes!!!
That's what I warned when I heard of the buyback. That is the only way they get anyone to buy their free shares they give themselves. Doesn't seem to be any incentive to produce, however. Wouldn't mind giving the shares to them if they produced!
Board of Directors have used buybacks to get out of their free shares in the past since no one else wants to buy them. They propably will give themselves more shares now to sell. I guess I'm turning cynical like shortllnw.
It seems with the sell of portions of the company and the fact that they are not replacing certain officers, they are preparing for a buyout to me. Since Dan didn't mention it in his article for a change maybe it will happen this time?