RE:RE:RE:RE:RE:RE:What do you think about ...rollthedice10 wrote: Not sure if another buyback will do any more than what our current buyback has.. Which seems to be,
well, very little. We are fortunate to have cash on hand, I think it would be better utilized continuing to build and market the company. JMO
However, at these prices it's not costing the company that much to cancel out 17 million shares. If they did another 5% buyback they could cancel out an additional 20 million shares at a fairly cheap price.
Again, it comes down to the cash on hand, the current revenue being generated, the amount of money needed to grow the expand the existing verticals to profitablilty, when the next AI contracts come through and any other possible acquisitions the company may be looking at.
I know from the retail investor's point of view it doesn't look like the share buyback has done much, as we often relate everything back to share price and the share price is much lower now then when the buyback started. However, you can't relate everything back to share price, because we know stocks can be overvalued and undervalued. Reducing the share count is good for the company long term and therefore good for investors long term too. And buying back at these lower prices is keeping more cash in the bank for the company. Yeah, it sucks to see this stock at these current prices, but it won't remain here. This company looks to be heading in the right direction with all it's verticals, so at these prices it continues to be a great buying opportunity. I think most of us agree that it was a great buying opportunity when it dipped below 20 cents, let alone where it is now.