You're correct. If the company is having any success they will start a buyback to retire shares and increase shareholder value. If they're not having success (revenues)or at least the prospect of success (revenues) they will greatly decrease the shareholder value with an RS.
Shore18 We all are entitled to our own opinion, but your opinion is misguided. A RS is seen as a last ditch effort by the medical community. They are NOT good. Trust me on this one.... They are Not Good....