Respectfully - strongly disagree.
Cancelling out 10 million shares in a company that is already so tightly held is more or less irrelevant. Once the share price rerates - the company isnt going to be buying back half the registry at $3 or $5.
Dividends are the way to go in my opinion. Use it to buy more shares and increase your holding with it if youd of preferred a buyback - it's somewhat means to the same end.
"why pay a dividend to people who dont want to hold the share" - I certainly want and intend on holding my shares, dividends would only further entice me to continue holding. I'm sure many long term holders would agree.
Nothing personal - we all want different things for our own reasons.
Webinair, page-58
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