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Tuesday, August 23, 2011 5:19:30 PM
Don't get me wrong, I'm not arguing with you and this is all in my opinion and based on theory. I do see where you're coming from with the buy back now while it's low kind of mentality because that would mean more shares out of circulation. I'm sure a lot of investors, including myself, would like to see that happen but the reality is, for anyone who isn't just looking for a short term profit and is serious about holding shares in this company for one+ year(s)then growth would be the best thing. Like you said earlier "this stock will never reach single digit pennies with this share structure" so why would they, as a business, stall their potential for growth to buy back shares now when the current share structure will keep the price in a reasonably fair range for any potential buybacks for them anyways. Just something to dwell on.
-Phil
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