Response from Spooz just a year ago. Here they say there is no buyback strategy, and that is perceived as a good thing.
Now recently after all the dilution they change their mind and say they plan a buyback, and that is now perceived as a good thing.
Can't lose here! Everything Spooz does is just great.
"From goleafsgo (Post #15617):
1. If/when they start to generate revenue, where does a buyback strategy sit in their priorities?
Darryl: No buyback strategy exists. That is tantamount to taking a company private. We (the principals) seek to grow Spooz’ worth, same as the investors.
(Editorial note: While some may not like the answer, i.e. would rather hear that Spooz is planning to buy back several hundred million shares, I personally give the guys credit for an honest answer. They are, and have been, working for below-market wages and don’t have a bazillion dollars in the bank. And they’re not even earning revenues … yet. But mainly, I like the honesty. “Honesty” and “pink sheet” is somewhat of an oxymoron. So it’s refreshing to see.)"