RE: i wonder...................................... Here's that sales of the processing division (mentioned in the Jan 4, 2011 news release). Non-arm's length transaction. That means not sold to insiders, directors, etc. So how are they going to buy back. Need lots of money. They received $855,000 cash for the division.
Maybe part of that $550,000 financing in March 14, 2012 will go towards repurchase. Plus money from operations. Now we know why it's so slow at the moment with no sign-ons. All cash is being directed to the re-purchase?
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From the Jan 4, 2011 news release:
The Company sold the Processing Division for $8,000,000, less transaction costs of
approximately $245,000 in an arm’s length transaction. The purchase price is
comprised of $855,000 in cash to be paid in two installments of $679,500 on December
31, 2010 and $175,500 on March 31, 2011, and the remainder via promissory notes due
December 31, 2018.