They could fix it, buy back 10 million shares at 50 cents! It costs $5 million, but with $600 million in assets they can't come up with that kind of money.
No! That won't work. There are many restrictions because companies are not allowed to manipulate the stock. Which is what you are doing when buying 10M shares from the market. AND, the same insider rules apply. You can't repurchase stock unless all material info has been disclosed.
You can achieve the same effect, and better, by paying quarterly cash dividends. Completely legal.
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