RE: RE: RE: RE: Idea Ha - very true, but the stock would be up 100% if they bought back just 20-30%.
Let's be realistic here. If the company truly believes it's undervalued, they could take 10-20% of their cash (which would be burned in 3 months anyway) and seriously reduce dilution - this is a neglible amount of $$ in the larger scheme of things, but would make a BIG difference overall.
This would make the overall company much more attractive to potential financers/suitors down the road.
I think that one of the biggest fears from a financer here is that the market cap is 15-20% of what they need to raise AND that insiders have purchased failrly little of the total oustanding shares over the last year.