Javelin Pharmaceuticals Inc (JAV)

[rstor1]

They could do a million share buyback and take the stock to new highs,

Development stage bios don't do share buy-backs. Because of the uncertain timelines and the certainty of cash burn before revenues, they need to hoard the cash.

I would have deep doubts about the competence of mgt if they announced such a thing.

I can't think of an equivalent company that had a buy-back. I'm not sure why you believe this to be in the realm of possibility.

Regards,
Bob