RE:RE:RE:RE:RE:Great NewsC'mon man, no one will tend any shares. No one has to. Say they decided to do a dutch auction from 10 cents to 20 cents. Who would be dumb enough to tender their 1.29 shares? So in the end, no shares are rebought. This is just what the management wanted. They are lifting the bottom price to 1.18, and probably not a penny will be paid for buybacks, and no real comitment yet for dividends. It is just a way to defer decisions.
By the way, I'll bet no one ever mixed dividend announcement with a dutch auction before this. Usually you would do one or the other. In a dutch auction, they want the shares to stay cheap, to buy them back. With a dividend, you are intentionaly lifting the value of the shares. These two actions don't fit together.