A lot of reverse-FUD going around today. Just to register my thoughts - there has been NO evidence that a buyback has been going on. Personally, based on the fact that warrants can be bought back at a weighted average price for a month, I would think it might be cheaper, and IMO have the same effect, to buy warrants at this point. Of course, both warrants and share buybacks could be occuring at the same time. But then we`d have to ahve a whole `nother round of discussions regarding the best use of cash - buyback, acquisition, etc.

Larry, what you are talking about are 2 separate transactions that basically cancels each other affect on the float. I would think 1 had nothing to do with the other, since they would not have to do a buyback to issue the options shares - there`s still plenty of shares authorized, but not issued.

ads, you do a double assumption here, of which both mught be wrong - you assume a buyback has been going on, and then assume the price on the S-8 today has something to do with the buyback price. I believe they would have nothing to do with each other, even if your first assumption is right. Someone corretc me if I`m wrong.