Sunday, August 26, 2018 3:35:05 PM
I don't think they anticipate even spending close to that amount but in my opinion the reason for the buyback is a shot over the bow of anyone thinking they can push the share price down to where it doesn't belong by drip selling shares.
The last time they did a buyback the price was up around a buck and with hindsight that was very foolish compared to doing it at these prices.
p.s. The cash they have on hand is not a finite amount as they are bringing in more than they are spending from operations with usage of plaympe.
JMHO
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