I see your point and it is a good one. I was a little surprised myself by it myself as Crichy does not like to part with money. It is good for us shareholders as if we are in need of support they can buy off of those who need to sell.
What this tells me pretty much confirms the fact that financing going forward will not be a problem.
Keep in mind that this gives us the right to purchase up to $3.5 mil worth of shares that does not necessarily mean TTM will do so. I like it as it gives us another available option in these difficult markets.
BBOB