To answer that question requires some "circular logic" (not sure if that is the right English application of my thought so forgive me if not & bear with me): Meaning, that for NTEK to BUYBACK $3mm worth of shares (presumably on the Open Market) that means they are generating the revenues & meeting their gross revenue projections, are keeping their costs in line with their budget, & have likely paid out their scheduled dividends, etc..
One would also be inclined to EXPECT that BOTH the NEW UltraFlix product, as well as the 2 NEW Nuvola Models (Nuvola NP-1 & Nuvola NP-C) have made their debut & business is going well.
It is HARD for me to envision those events taking place & the pps remaining around $0.05 but IF IT DID then NTEK would have bought 60mm shares. Add in the 40mm Foxconn that are expected to be retired (within a year) & the O/S is sub-500mm (closer to 450mm actually).
The aforemention CONFLUENCE of EVENTS just doesn't seem to suggest that by years end; with HOLIDAY 4K Shopping being in play, NTEK products out, NTEK delivering $2,040.00/Million shares of DIVIDENDS, $3mm in Buybacks, & 100mm shares RETIRED to treasury, audits begun, etc., that the pps will remain in this neighborhood going into December.
HOWEVER, as Warren Buffett has said: You CAN'T time the market!!
You do your DD & buy a good product, company, management, in a strong up & coming sector, etc. - in OTHER WORDS: You BUY an UNDERVALUED position when & wherever possible.
So, IF all these things came to pass & NTEK met their budget projections, started the audits in 2014 as promised & delivered on all these other BUDGETED (read: expected) items then NTEK would be ONE VERY SEVERELY UNDERVALUED BUSINESS at that price.
NTEK generating ~33MILLION DOLLARS in revenues would warrant a FAR HIGHER PPS imho. Look, NTEK went to $0.175/$0.18 with FAR LESS going for it than all these viable & revenue-generating products. It would NOT be unreasonable to expect that NTEK could get OVERVALUED** to the tune of a 250mm $ Market Cap or so as the business moves into 2015. $250mm Market Cap on an O/S of ~470mm shares is a ballpark $0.53 stock price.
At the NTEK SHM they mentioned not factoring in UltraFlix business into their Forecast. But, they also CLEARLY seem to have expected their Nuvola to be out to market also. So, is that a trade off? Will UltraFlix outperform? IDK the answers,... but NTEK appears UNDERVALUED to me, & has become INCREASINGLY SO with time.
**Some may not think the pps/Market Cap OVERVALUED with this type of NTEK execution on their business plan but the gross sentiment remains as a BALLPARK figure. We are engaging in a difficult speculative exercise & no one KNOWS what the ACTUAL circumstances, numbers, developments, prospects, etc. will be. Let's just keep that in mind here...
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