Another 300k today. About the same on Wednesday. And 1m bought last week.
No disclosures either which is strange.
I don't believe its the buyback either. They were in the market shortly after the ER and they only had a few more million to spend.
I think the CEO is running out of time. The market is not going to wait forever for these guys to get in the Black. Why not go out to the market and determine what the FMV is? If you can get $15 share - then you have to go for it.
Why not just use up the entire GE line of Credit on buying the shares? They would basically be able to take the company private alone on that.
1) No beat due to the buyback
2) No raise because they are risk averse and unlikely to beat - see last year
3) No buyback because they only did it last time because of Oasis breathing down their neck