RE:RE:RE:RE:1 year to go before 10M warrant expireAgree company doesn't need cash right now to run day to day business operation. In fact, company has surplus cash and invested 1M in GIC @2.7% annual interest. I want the surplus cash to use for buy back. (BTW these 10M warrants were issued along with 0.19 round of financing 4 years back)
The recurring revenue depends on the number of units in use and revenue earned per unit. All the mobile service providers are too big compared to BEW and BEW is price taker not a price maker, so recuring revenue will increase only with increase in net number of new units in use.
12 months trailing EPS is less than 0.5C and even to justify 25C price, we need 1c EPS. Reduction in number of shares will improve EPS. Most tech companies buy back shares with surplus cash. As of now I don't see a 40c share price without aggressive buyback, or acquiring a competitor or getting sold to a competitor.