Buybacks are a good thing, they increase book value for those who hold on, and those who sellout have simply lost confidence in the company, so if 1 million shares are bought back, that means that much confidence was lost. This company should trade its stock for MPTV and merge the two, which can be arranged...they are both in the same business.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund, and Janitor for the Global Morass of Debt Instruments.