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NosajEwad

08/24/18 7:38 AM

#45649 RE: mc73 #45648

Buybacks do make sense.

Namaste has the approval to buy back up to 10% shares over the next year using Market mechanisms. Doing that reduces the outstanding shares and increases shareholder value and tightens things up to remove volatility.

At these prices, a share buyback over time would cement the floor a little higher and ultimately drive more stability.

I am not saying to buyback 50% but an initiative to buy back 10% over time like Namaste is doing would have an effect.