Ann: On Market Share Buy Back, page-15

With $15m assigned to the buyback, and around 250 trading days in a year, they have ~60k per day assigned to buyback shares, @ $0.935 that's around 64,000 shares per day and @ $1 one would expect ~60,000 shares per day to be bought back and so on.

Usually on a down day the brokers would buy a little more than the 60k per day expected, to make up for not being allowed to buy on some days when the price is greater than the allowed vwap and they don't buy any, therefore the Median buying amount per day for the next 12 months will be higher than the mean buying amount (assuming volatility exists that prevents buying on some days), semantics, but yeah agree we are unlikely to see lumpy buyback buying, just a steady flow.