RE:RE:RE:Slashing dividend, yet buying in shares? Is this even legal?The stock has fully recovered from the hit that it took from cutting the dividend and is back to the $6 range now. So you haven't really lost anything from that decision.
Buyback is just to cushion the blow, 7-9k shares bought back each day won't result in privatization. CEOs stock options are at a much higher level, so while I definitely see them trying to flip the company in a year or two for $12-15, that's not happening now based on the current price.