I understand the fact that a buyback is impossible at this point but like I've been saying, if the company would give us reassurance that they understand the share structure stinks and that they will do something to help us out when they do become more profitable. This, I think, would benefit us short and long term.
In the short term, it would reassure investors that another RS in not coming while boosting the pps since investors are attracted to companies that understand the correlation between share structure and the pps. S3 has not shown an understanding.
In the long term, the company will become more profitable and they will, if they desire, be able to buy back shares which could be an ongoing thing which will benefit the pps each time they buy shares back. Even if the amount of shares was not that significant, it would show intent by management to better shareholder's value. As the company's financial position becomes more and more profitable, they can buy back more and more shares.
WIll they do it? Who knows since the only thing they're ever said about a share buy back is that they weren't going to do one and they had no intention in the foreseeable future of doing one. That was a couple years ago.
Of course, I could be totally wrong but we've been down the path of waiting for the pps to rise from closing a couple deals every two years and constant updates about our client's profitability and that hasn't done anything. In fact, it's hurt us.
Let's think outside the box when the opportunity arises and see what happens. If plan B doesn't work, let's have a plan C, D, E and F. Having a plan for shareholders can only beneficial I would think.
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