IMO a share buyback tells investors that GAMZ believes their stock to be undervalued. They haven't gotten market support for the stock yet and IMO this is another way of showing support for their stock price. The company needs the stock price to go up more then they need it to go down to purchase more shares. The higher the stock price the more advantageous it is to access the Swartz line and get analyst support.
Reasons for the dead stock price:
1. MM's are short and scared they are going to get squeezed so they keep a huge spread on the stock to keep investors away.
2. Even through the ETPI lawsuit is bogus there are some sites like prudential's that aren't picking up the recent GAMZ news so the last thing they see is the lawsuit. Here is the link: http://www.prufn.com/investments/newsquotes/0,1492,17,00.html?Symbol=gamz This could be scaring investors away as well because they don't realize the suit is worthless.
3. The GAMZ news isn't getting to enough investors. There needs to be more exposure for the stock.
4. Everyone may be waiting until the Ferris' deal gets shareholder approval.
The current drop has been on no volume so it is a classic MM walk down any buying pressure the stock jumps quickly into the .60 range.
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