Hansel - if CCC had plenty of spare cash I would say go for it - eg. the $10m from VanMag would be able to cover 18.6% of the total share issue at current prices.
Investopedia explains 'Buyback'
A buyback allows companies to invest in themselves. By reducing the number of shares outstanding on the market, buybacks increase the proportion of shares a company owns. Buybacks can be carried out in two ways:
1. Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.
2. Companies buy back shares on the open market over an extended period of time.
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