on market buyback, page-24

I am really suprised that the gang of four haven't privatised PEO.

With roughly $9M cash in the bank, a combined holding of roughly 64% and a market cap of $20M, they could buy the 36% of the company they don't own with the companies cash (its only $7.2M).

Then they could fix PEO out of the public spotlight.

The sad thought is, maybe they don't think it is worth privatising, now that is scary.