RE:Buybackepcdpspmvp wrote: Merc, I am agree with everything except this is going to be hard to do....""Buy-back $ 10M worth of shares at average market price of $0.15 (10 to 20 cents)".
I believe the average price would be in the 30-40 cents range. I think the primary focus should be to generate interest in this company and not the share price.
My 2 cents!
Hey I agree.
Note however that in Dec 2018 it was trading under 20 cents. It was over that for a brief period of time, then a steady fall to .05. And now we hover/languish around 10 cents. Despite buybacks of what 10 -15 m shares during that period of time? And all the while, the price has either gone down or remained flat...and the dicount to NAV/sh has seemingly steadily increased over the past two years.
If the share price went to .30 -.40, where it belongs, I wouldn't care about buy-backs.
MM