Well I slightly disagree with your view. First the 2 million shares buyback was going to be from a single investor, there is a single investor that is holding exactly 2 million of the 5.7 million float right now and they said they were going to buy him out. Obviously that isn't as immediately beneficial to us as them slapping the ask in the open market but still very positive overall because now we won't have to worry about that investor stopping a run or dumping on us with his 2 million.
I see the L2 everyday and this is trading exactly as one would expect right now, actually better than expected because nobody is stacking up the ask. Instead most are holding tight for much higher prices. Each day that passes only makes things "feel" worse, it's all mental because in reality each day is a day closer to filings, renewed volume, and obvious PPS increase.
Although not having their filings completed on time is annoying and should have been avoided, overall they haven't done anything to make me worried about the future here. Re-go-over the past several months of DD and it helps put everything in perspective. In the big scheme of things this is just a speed-bump on the road to success, I also believe the future will prove this period we are currently in as the last great opportunity for cheap shares.
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