RE:RE:RE:CEO said, "we are undervalued". Okay, so how what is an As I've said before, nothing would tell the market that LABS is a player more than taking a part of the current cash reserve and doing a buyback at near all time lows.
You wanna prove that management believes profitability is a whisker away, do a buyback because we'll have money coming in anyhow.
You wanna prove that management is aware of the massive float and won't screw existing (and new) shareholders with a RS, do a buyback to reduce the float and prove a RS isn't necessary.
We have $18mil give or take in the bank, use half of it to do a share buyback at 0.08c. Pretty sure existing shareholders would enjoy a 25% uplift in SP.
If half is too rich, do a quarter, but either way, it certainly would look very good and at this point if LABS is looking for good optics, this is a very easy way.