Ultralife Corp. (ULBI)

[NJHowie]

Share buyback is still in place with lots of shares left for repurchase. Hopefully company is picking up all the shares they can whenever it dips below $3.00.

As mentioned on a prior earnings call, because of the poor liquidity in the shares, it's difficult for company to be purchasing regularly. However, they should be working with a broker and just have a standing open order that whenever 5000 or more shares show up on the ask below a certain price threshold, then they buy and likewise setting some price floor where they will always be buying.

Further, company should set up a 10b5-1 trading plan for itself, so they can be buying back shares without any blackout restrictions that may come about due to news or timeframes related to earnings announcements.