RE: spOne of the items that people seem to not fully consider in share buy-back is the cost(funds flowing out of the organization) to achieve the buy-back. In the case of ANGOSS, if I understand correctly, the cost of the proposed re-structuring is of the order of $1 million and in a company with less than $7.5 million market capitalization, the re-structure cost of approx. $1 million is significant......IMHO the figure of $1.02 reflects as little management assessment competence as the ANGOSS product pricing stategy over the past 4 years.
For shareholders who bought into ANGOSS during the Tech bubble at prices between $3(i.e. $20,997 for 6999 shares) and $8.40(i.e $58,791), to now find their management offering them no choice of continuing to hold, but be forced to increase their holdings or accept $1,260 buy-back in "both example cases", is nothing short of disgraceful IMHO. I was a seller during the high-tech bubble and have since picked-up shares during 2004 and 2005 at trivial prices (in the $0.11 to $0.13 range), but I certainly sympathize with small shareholders here who bought-in at higher price levels,
Peace,
Good Decision-making to All,
ElJ