A valued and significant gesture. Imagine the sp if he didn't vacuum up those 1 million shares!
But DNA's board could do even better by announcing a share buyback. If the cheapest casino to buy is your own, then buy its shares. Simple. Also, I presume that some shares assigned to Star's vendors are out of escrow, so a buyback would absorb some of that flood.
A 5% buyback would cost approx $17 million at current sp (831M x .05 x $.41). It is about equivalent to 2 cents per share, 22% of last year's net profit.
DNA Price at posting:
41.0¢ Sentiment: None Disclosure: Held
