RE: Should not need to prop up share price...Maybe we should compare portfolio gains for the past 7 years.
Its all about what a company says they will do and what they actually do. They felt their share price was way undervalued at .80 so they used the common trick most public companies do and stated it along with the intention to do a share buyback and used a small amount of cash to buy back some shares. Is more of a game to tell investors... get in while these share prices are low versus them actually buying back much in the way of shares. Heres the problem... they are not buying back any shares as it drifts into the .30's which is a large red flag.