RE:RE:RE:RE:CEO said, "we are undervalued". Okay, so how what is an QContinuum1 wrote: As I've said before, nothing would tell the market that LABS is a player more than taking a part of the current cash reserve and doing a buyback at near all time lows.
You wanna prove that management believes profitability is a whisker away, do a buyback because we'll have money coming in anyhow.
You wanna prove that management is aware of the massive float and won't screw existing (and new) shareholders with a RS, do a buyback to reduce the float and prove a RS isn't necessary.
We have $18mil give or take in the bank, use half of it to do a share buyback at 0.08c. Pretty sure existing shareholders would enjoy a 25% uplift in SP.
If half is too rich, do a quarter, but either way, it certainly would look very good and at this point if LABS is looking for good optics, this is a very easy way.
that tells me they have a problem putting their own money where their mouths are....
if they did that it fullfills all your points as well as the shares held by them would essentially be off the market as well a no brainer if they know oodles of money ids coming in ans SP will go up...
using company money to do a share buyback in essence uses shareholders money to achieve this, I am not opposed to doing share buyback at some point in the future but a possible M&A opportunity may create more value in the short tearm, and as everyone knows with cash you get a better deal. Plus you dont float shares to do the buying.
but hey to each their own