This sounds dumber than dirt: "--Company started a $1M buyback in February (and actually has purchased shares) to get them back to Nasdaq compliant (above $1) and also because CEO thinks stock is very undervalued for future with new business on horizon. They are borrowing money against their line of credit to do so."
Borrowing money to buy back stock to become NAZ compliant? Why not wait until the balance sheet improves.
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