buybacksquesea; i think you might be missing something. Management owns the majority of shares. A buyback woould actually increase managements holdings as the sales would come from the general public. This would make it cheaper for management to take the company private down the road which is think is really their plan. Secondly, many acompany's announce share buybacks and never buy even one share. NLN has too much cash on hand right now. If not a buyback, use the cash to buy an accretive acquisition. Stock clearly has found favour in here and the growth trajectory looks terrific. No reason it cant get to 1.25 to 1.35.