Re: LL/Next Question for Management Daboss/ JEF / GIL / LL/Ben
in response to
by
posted on
Aug 19, 2009 01:14PM
"So, which is it?"
It's a possibility to look at from both sides. At this early stage burning cash to buy back shares limits your expansion and growth possibilities. Yet, reducing the share count increases shareholder value.
When EDIG has over $50 million cash in its coffers and expects a lot more to come, and the pps is still at a dime, I would think a share buy back makes sense.