"Mr. Francella brings with him almost 20 years of experience dealing with public companies. During that time he has held positions as an Officer and Director and guided many of these public companies through the most difficult transitions of development stage companies."
Sounds like he may already have experience cleaning up the messes of previous POS CEOs... *cough* Pete *cough*
I highly doubt that will happen because no CEO wants to R/S when he first begins. If he does, then I'm wrong, but I'm anticipating that he will announce the buy back.