Announce a 60 day Tender Offer for something up to 40,000,000 shares at 15 cents (subject to adjustment); excluding presently unexercised Warrants and Options.
We have long needed to soak up major amounts of the 400M float. The company's current buyback plan has been totally ineffective from a practical standpoint. Outside of unusual events like the activity from the NDOC Ruling, there is typically almost never enough daily volume for the 10% maximum daily limitation to cumulatively amount to anything substantial. Besides, the company's committment to the program has been anemic and not even worth mentioning.
If and when dividends are announced, and with each and every future dividend payout, YOUR individual distribution will increase by up to 10% just from of the recaptured stock they get from that Tender.