The issue with the revenues is that they have actually been...

The issue with the revenues is that they have actually been really good but management aren't able to convey that narrative. The buyback makes perfect sense at these levels. It's an absolute no-brainer if management actually believe in the future success of the company. The silence and lack of proactivity from management is the reason for concern and the the continual sell-down to these levels. Management would do well to remember that this isn't a private company and they have a duty to act in the interests of shareholders. Not sure why they would treat it like a private company when they are never kicking of their own cash in.