RE: RE: normal course issuer bid-goodRevenues for the three months ended September 30, 2007 was $8,481,102 as compared to $7,000,785 for the same period the previous year. Net income for this period was $877,740 or $0.021 per share (basic weighted) as compared to $1,072,932 for the same period the previous year. EBITDAS(1) was $1,390,763 as compared to $822,000 for the same period the previous year.
That means that they can easily afford $600 k to buy back a couple of million shares. You do not see many companies at these prices that actually are turning a decent profit. This company is one of the best penny stocks I have seen in a while that could easily jump a couple of hundred percent if not more over the next 12 months.
This is not rocket science.