If there is over 2 billion authorized shares the company can still sell and the CFO does not intend to release any financial statements then I think that he would sell at .0002 and even .0001.
If the CFO knew that there would not be any news release about the financial statements or the new solar collectors being certified that would increase the value of the price of the stock then it is not practical for the company to be buying back shares.
If Jim Holmes will not have a problem obtaining another reverse split why would he waste his time buying back shares and then wait until the price of the share increased in value?
I tend to think that it is the CFO still selling at the bid due to that he can always sell more shares if the stock price increases.
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