What would be some reasons for the company not buying shares back? They could buy back a billion shares at these prices and help all of us out.
Personally I'd prefer them doing that now vs. after news updates on the subsidies. When a buy back was speculated I think the pps was at .0004-.0003; and they were talking about buying back 500,000,000 shares, right? Is now not a more opportune time? It would also probably get the ticker to start moving pass .0002
If I was JB I would buy back millions to billions of shares at these prices, IMMEDIATELY. I would then put out news concerning the buyback as well as a memo of a future news blitz. I would then watch my share holders value increase; and then in November I'd bust out a news update on Redwood Capital. I would focus on the progress with specific partners and clients, I would be thorough and show the extent of some of our work. I'd make sure to mention the Asian LP Fund, and acknowledge that a search is being conducted for new clients and partners. I'd promise a more thorough showing of planned revenue from all the subsidies in the 1st quarter of 2012. That alone would squash concerns of the companies legitimacy, and lead to a believed spike in the price.
Then within week(s), right when the spike begins to level out, I would drop a Redwood Medical update and attempt to cause this stock to soar near its true value. I'd focus on the progress in the development and expansion of Redwood Medical with it's clients. That alone would probably be enough good news to make everyone here happy. Clearly dumpers would be trying to steal shares; but at that point hopefully they'll be unsuccessful.
Between all of that I would expect new levels; and just when all the Longs get out of the red and into the Win, I'd release a December update and introduction to Redwood Technologies and the expected income from that subsidy. By showing another stream of income that (some) investors aren't accounting for, Redwood will turn itself from a questionable pink to a dream stock to own.
Obviously JB knows how to run this company better than me, but I feel like I just laid out some news ideas already at the companies disposal. They have the tools to grow the pps in the present if they choose, so I don't understand what they're waiting for if it isn't a buyback?
