Replies to post #31290 on PositiveID Corporation (fka PSID)

[Pisd]

Share repurchase?, reverse split? Is that the same?

The company should have an emergency meeting of its board to authorize an immediate share repurchase on the open market. It would signal that the shares are undervalued, an understatement, and the company could have more control over share price. The share price is now at or below par value.

I believe this would past legal muster. I believe the only legal requirement is for the company to disclose in its next 10Q filing how many shares it repurchased and at what price. If anyone disagrees, please opine.