No they won't and they haven't for 4 years now, because the legally cannot do so. It is complete bullshit. They also wouldn't have issued debt shares if they had the money to do so.
Until they have money to pay of preferreds and the new preferreds and the interest on them and the latest debt from filing etc; they can't buy back anything. They will probably list a additional million dollars debt between managers, contractors and insiders for what they are doing now. They have no money and they can't raise money to buy back shares. Do you actually think they are going to buy back shares. List one way they could? A joint venture can't give them money without some other type of dilution. They have said that assets won't be sold.
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