Register is correct...Johnny is too optimistic The volume tells the underlying fact....less than stellar. Simply put, it is slow accumulation by retail investors bottom fishing while the selling is drying out. Nothing to get hype about. The company has to Show Me the Money to buy back confidence.
Johnny has confidence and good for him but the majority and that including the heavy weight like the fund managers are not yet in the game. Those who think in this board the fund guys has bought in is not seeing the big picture. Yes they bought a very small amount but irrelevant to their entire holding. The share price is still less than $3.80 shows buying pressure,with so so volume, in the last while is not strong. The share buyback cannot work miracles and its purpose on the positive side is to establish a support level at around $3.25 (at best).
To disclose - I have a small position at an average price of $2.78 and will not add until the price breakout (from my set target) with confirmation.