RE:RE:RE:INSIDER BUYINGHi stag, when a company has good prospects to invest money in and is selling for under book value, it's a tough decision about whether to buy back shares. The share purchases are clearly accretive, but you're right that the company can also get solid ROI by putting the money to work. Another thing to think about is liquidity - one has to wonder whether lack of liquidity is preventing larger investors interested in CIBT from taking a stake in the stock. If a fund wanted to put even $500K to work in MBA stock, how would they manage that? The share purchases would seem to make this problem incrementally worse.
At the moment, I see no reason to doubt Toby's judgement on this.