The buyback program, if it is ever implemented, will have to wait for NSAV to be profitable. It takes cash to buy back shares.
It will not start until there is an 8K or other SEC form explaining exactly what they are planning to buy back, for how much, and for how long. There are rules.
"There are four conditions that must for met in order for a company (or its affiliates) to reduce liability when repurchasing shares of the company's stock. First, the issuer or affiliate must purchase all shares from a single broker or deal during a single day. Second, there are certain requirements for the timing of the purchase. An issuer with an average daily trading volume (ADTV) that is less than $1 million per day or that has a public float value below $150 million cannot trade within the last 30 minutes of trading. Companies with higher average trading volume or public float value can trade until the last 10 minutes. Third, the issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted. Finally, the issuer cannot purchase over 25% of the average daily volume."
And:
"In addition to meeting these four requirements, companies are also required to disclose certain information quarterly on Form 10-Q, and annually on Form 10-K. The company must provide a table showing several month-by-month statistics. These statistics include:
The total number of shares purchased
The average price paid per share
The total number of shares purchased under publicly-announced repurchase programs (Key word: Publicly announced, means an SEC form, not twitter.)
The maximum number of shares (or maximum dollar amount) it can repurchase under these programs."
