Im trying hard not to hate on srx because i really do believe in their product and i think they have had a run of bad luck recently. But the announcements around this buy back just seem really short sighted an unprofessional. I am giving them the benefit of the doubt that management have bigger things on their mind at the moment but I think they just should have suspended it.
It amazes me that the person that's taken action over srx seemingly has a huge amount of control over their finances. Consideing they have ~$100mm and the bb is only $30mm.
gltah
Ann: Update on Proposed $30 million Share Buy-Back, page-3
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