Dividends or share buyback

Many of us are in for the long term. We are hopeful of continued and increased royalty and license income as the quarters happen. With more products in the pipline, a lot of expenditure has already occurred.
If OBJ finds itself with surplus $$ down the track, what are peoples thoughts of a dividend or a sharebuyback?

I would be more in favour of dividends. I look forward to the day when we receive our maiden dividend. It may take a few years but worth the wait.

A share buyback tightens up the registry , and would assist in price stabilisation, but a dividend rewards the shareholders..