Now is a good time for a buyback. 2% is around $8mil, 4%-...

Now is a good time for a buyback. 2% is around $8mil, 4%- $17mil. The funds in the bank is doing nothing. Earnings and JVs are enough to cover sdv and JB in three years time. If institutions can't value the business correctly, take the shares back and leave them within the company, there is no loss. By waiting, management is killing retailers for institutions to benefit. The shares can be used instead of issuing more shares in future. A buyback at $2s benefit holders more than a buyback at $4s after the shorts cover. They will just start again. A dividend would see 80% plus go to the institutions with no benefit whatsoever. At the equivalent of $1 or 20c per share(old), its a good time for the company/ management to act. $80 or $100 mil is the bank is the same unless the cash is put to use. The total cash is not needed now, but to be spent as construction builds.