Jade Art Group Inc (JADA)

[gpg]

I don't know what the SEC guidelines are on buybacks, but I think a reason a lot of companies buy their stock back is that they believe it is a good investment (i.e. undervalued) and they have the cash to do so. If the board approved a plan to say buy back a max of 5M shares over a 2 or 3 year period due to the current deflated price, my point is that the price would not stay deflated for very long and hence the value would begin trading at more reasonable prices (and perhaps no buyback would ever take place - or perhaps a much more limited buyback). Given the kind of cash JADA is generating right now on a quarterly basis as well as what they have on hand, setting aside $2 or $3 million dollars over the next few years to use to buy back shares as they see fit (i.e. if the price is below 50 cents for example) is not a bad idea. The announcement of such a plan IMO would do wonders for the pps.