WEHI has no money for a buyback. They have massive debt and liens against the company. Did you even read the fine print in Pagnano's buyback hype press release to help him dump more dilutive shares?
Did you notice that there were around 2 billion shares issued when he said that, up from 25 million shares earlier this year? Did you notice that there are not that many public shares out there? Do you see that buying back a few hundered million shares with an expected 15 billion shares issued at the current rate they've been diluting you into worthlessness is just another Pagnano ploy. He's been misleading shareholders for years, IMO.
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