RE: the buyback has not startedThis is good news that the buyback has not started yet which means that SVC is being recognized as being oversold right now by the investment community and is a great bargain right now with expected 85 million in revenue expected in fiscal 2008 with 10's of millions in cash on hand as well as selling for less than $2.00 per share. When management does start buying back shares in the open market expect a further price boost.