An answer which dissapoints me:
In November 2008, the Board of the Directors of the Company authorized a share buyback program to purchase the Company’s common stock in the open market with a $2,000,000 limitation. As of March 31, 2009, the Company has not purchased any shares in the open market.
See page 42.
Do they think the pps isn't at a low? Do they expect to be buying at lower levels in the future?
Or is it just a matter of lack of US money?