I have brought this up on the board before - while its a great tribute that the company believes in itself, the problem is that by the time they will have money to buy back stock, it better be at a higher price and so 300 mill will cost a lot more to buy. Catch-22 and an absolute shame.
Here's what I dont understand - someone with deep pockets could come in and buy 1 bill shares for 100K, my goodness, they would own a third of the company for "peanuts", but that hasnt happened. But on the positive side we can say that there have been a steady stream of buyers picking up at .0001 even with a "no bid" for much of the time. I suppose that if that can happen till the dilution finishes, then the price should be free to rise. But man, what a shame compared to what it could have been (1 bill vs. 3 bill shares outstanding for example)