I think the point is they are buying shares this quarter and the quarter is profitable. Marry that up with the uplist and we should see a rising PPS. The OS may not show much decrease with the rate of buyback but many more shares should get locked up with the uplist. We shall see.
This is only my opinion, not an endorsement to buy or sell anything. Buying stocks is risky; you could lose all of your investment. Always do your DD.
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