My take is, the company had to set aside 3Mil. to buy back 100Mi. shares at .03. For months since they announced the buyback, the price did not move much lower than .03. But since July 31, price has been going down to .185. So, I asked IR specifically if they are taking advantage of these SP decline and buy shares in open market. The answer was simple "YES". For now, that is all I needed to know.
200Mil share out of the public float is, 200 mil. share out of penny flippers and greedy MMs. What the company will do with the 200 Mil (retire, use for incentive, for aquistion..) we have to wait and find out. "Buyback of share plan" by itself is a show of company caring about long term investors, although it is painful to watch SP sitting for weeks on .02 range.
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