Tsquare and Beigledog, it doesn't really matter if the company issues a PR regarding a share buyback....the proof would be in the cash flow statement. Lots of companies authorize share buybacks of $xxxx but never actually follow through.
Besides, I doubt they will be buying back shares over and above what they have already agreed to. They are obligated to buy back up to 120MM shares using a maximum of $24MM. That's a pretty substantial commitment!
I still don't understand why they issued the 120MM shares in the first place if they were just going to be retired anyway. Why not just pay the N2J shareholders in cash over time?
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