bankerson,

I had similar thoughts. The announcement that the company was stepping into the market to acquire shares effectively stopped the sp slide. Actual purchase of shares reduces the float increasing upward pressure on sp. Purchased shares bought at the lower share price appreciate creating a multiplyer effect. Right now we have $22 million in cash. By buying shares with the cash and placing them in the treasury we increase sp and thereby increase through the appreciated value of those shares in treasury what we have available for acquisition of another company. The company has enough cash to drive the sp much higher. Right now I can think of nothing the company could do that would be more shareholder friendly.

Walt