GREY:ISYRF - Post by User
Comment by
Olufemion Aug 30, 2010 5:28pm
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Post# 17397155
RE: What Next
RE: What NextI would rather they didn't buy back shares and preserve their cash, at least until their revenues improve. If they were actually making more money then a share buy back might be warranted, but its nice to have that 10 million dollar buffer in place on the balance sheet. I would like to see more insiders buying here, but one definitely cannot overlook the nice discount to cash that you can purchase at now. .045 is a very nice discount as their cash levels seem to stay consistent around .065 cents and if they start realizing more revenue this quarter then I would hope it would be bound to improve in SP. Thus ends theory however, the market conditions also are unattractive for risky low priced software companies. When blood's running through the streets is typically a good time to buy. I'm clearly on the fence but considering putting in a bid at .04 and if its hit then fine, if not then i'm not complaining