Share buy backs are always beneficial to investors. However, in an early phase like GOIG is in, I think it's better to use surplus capital to expand the business. No dividends or buybacks, but load up on marketing, in this situation.
The concept is so good, and the technology is already working. Put the money into getting the word out and delivering localization ahead of 2011. In GOIG's case, that's the way I would allocate the surplus. Buybacks will be icing on the cake later in the growth cycle.
Thanks for the good discussion!
RSInvestor