"Flow through money can not be used for buyback"

The company can raise more than $1 million in cash without a problem. I believe FNC had $3 million before the last PP, Champion pays $100K to FNC each year by May 12th and warranties have been exercised at much higher prices. Share buyback plan has no obligation for completion. As long as management agree that sp is undervalued and they have willingness to take care shareholders, they can announce the plan tomorrow. The result of the previous PP's came back like a boomerang and kept devaluating the shareholder's value for the past seven months. Easy financing with MF has costed us to pay heavy penalties to date. Pending assay results forever.. projects being delayed.. Nothing was surprised to see where we are today.