emailed company, page-18

the buyback is a bandaid what we need is the markets to turn and regain faith in the BRIC long term growth story...and use the cash for what it was intended for.

So kudos for being proactive but it's a waste of time plus this kind of shareholder disunity if it caused a vote and further uncertainty just plays into the hands of shorters.

I'd sell into a buyback if the board seriously believed that was the best use of their cashbox. It would show the board to be weak when the going got tough because of external forces.