I think they might be blocked from using the buyback until Q3 earnings are released. Same with insider transactions. Also think they are blocked if there is a pending material agreement pending.
Unless there are some unannounced deals, Q3 revenue should be light. Hopefully cash burn was contained, which I expect it was.
I look forward to an update in the future and one before earnings might be rather helpful regardless of the stock action.
IMO the second a window opens for some insider buying, it would be great to see some open market purchases by management and the board.