You are dead WRONG. This is to counter the mob not to appease the mob, dude. If you got the surplus capital or capacity, this is the playbook of many smart operators /strategy to improve shareholders value by buying back the undervalue shares. It is needed now more than ever, look at the SP now. The board talked about it, when they intend to do it, when the share price hit $.80 cents ? Refer also my previous posts and many others posts on the merits of the buy back.
GXY Price at posting:
$1.40 Sentiment: Hold Disclosure: Held