Anybody who bought in at the float or shortly thereafter is...

Anybody who bought in at the float or shortly thereafter is underwater on their investment, and is understandably bitter about it.
However not many companies are cash flow positive from Day 1. Most make a loss whilst getting established. We'll see how BDT is tracking at next quarterly report. As far as BDT doing a share buyback at 12-15 cents, well that shows how good the current proposed buyback is. Because you get to buy back three times as many shares at 5 cents as you did at 15 cents. More bang for your buck as I see it.