Didn't we got through this before? Consider this. If the company chooses to buy back 75Mil shares (about 25%) it'll cost about $2.225Mil ( based upon .03/share). Is it prudent to take this amount from the treasury to gamble on the SP going up? Why would you want the SP going up....so you could sell?...which would depress the price....which would require another buy back. :>):>):>) How much do you figure the SP would increase? A half cent...maybe 1....to what end? My guess is nothing....nada.
It would also take a considerable chunk out of the company's cash position. Considering the corner EDIG is currently in ( reexam off in the distant future (together with new filings) and "what's it's name", just a gleam in the most realistic eyes, it would be remiss..(correction) stupid to spend it's cash resources on a cavalier move. It's going to need every cent it has for quite a while.
nome sain?
