TheDirectory.com Inc (SEEK)

[Atlanta1]

the buyback is not "promised". they have approved a program that would allow them to buy back up to 250 million shares, as market conditions and cash flow permit.

there is no "promise", and there is no requirement that they execute the plan. it is there if they choose to utilize it.

however, Mark fully understands that the share structure is an issue, so I imagine he will make every effort to implement the buyback program at an appropriate time.