If that is the buy back, that is the smartest thing management...

If that is the buy back, that is the smartest thing management have done in about 12 months

It puts a definite floor price in the stock, stops idiots manipulating it lower with small volume and affecting the rolling VWAP and should suck out any dead wood

If you are a lemming and want to sell, now is your chance, otherwise hold your stock for a T/O bid or catalysts