The EPS is negative. The company is still losing money every quarter. The "Cash Flow Positive" claim is pure retail hype. Yes the cash position is important for all the reasons you state. So why is Denner looking to significantly reduce it?
What I found interesting is the early ASM IMO They would not do that unless they had the votes needed for the shares buy back. Also IMO any buyback increases Denners percentage ownership without buying any shares