Billbob, your absolutely correct...the main focus of any business should be to make money. Re-purchasing shares is and should only be accomplished once a business is fluid month over month in the cash department.
IMHO.....as it stands with what is known to date, SG and shareholders realize the share structure is somewhat " out of balance " as compared to other companies and is a main concern ( as is proven with the PPS ) with all involved. By SG's own words, the company is making revenue but " profits " still seem to be elusive in any discussions. Hopefully he can elaborate about this on April 12th!
If " profits " should start growing in the business, expansion of the business start to be shown by posting valid numbers to back it up with, bills continue to be paid along with paying down the debt, then and only then would I ever expect shares to be repurchased.
Until their is a " full accounting " completed on SEEK, no one will know for sure what is going on with the share structure, outstanding debt ( and the repayment thereof ) or the financial stability ( revenue vs. profits ) of SEEK.
From what I have seen to date, I do not expect any HUGE amounts of anything to be reported. I do expect revenue to be showing up on the books and increasing Q/Q along with enough profits to be paying down the debt.
As always, JMHO.........Go SEEK!
News 
Market Data 
Discover 
AI
