The company had $341m as of March 31st which is slightly more than I had expected given the amount spent on the SBB to that point. I am not sure whether I want the SBB extended but it's a nice thing to have in market conditions like these but I suspect an additional $25m would be more prudent than $50m. Prior to the tweet yesterday it seemed like we were about to turn over some positive technical indicators and at that point our spend rate on the SBB may have moderated further. Don't get me wrong I am happy they are spending more down at these levels but it could be being paranoid for no reason but it seems like when we approach long term trend lines the selling ramps up. I don't know anything about TA but I am referring to 14/11/24 and 9/5/25 where it seems like the price flirted with the 200 MA which apparently is a long term trend line.
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