Actually based on the 28-May-09 announcement:"NetComm intends to...

Actually based on the 28-May-09 announcement:

"NetComm intends to buy-back up to 10% of the issued capital (within the 10/12 limit)
or up to 10,314,226 shares for a maximum of 12 months, commencing on or around
11th June 2009."

If this is true I would expect that the price to hold still or increase, instead it's drifting down. Makes me think if NTC are trying to buy the shares back at cheaper price or there are some desperate stockholders who need the cash. What still confuses me is that the price/earnings is now at 3:1 and the dividend should be announced within 6-8 weeks (I think), so its hard to understand why the price keeps dropping. Anyway I am not complaining about a price drop, I will be happy to buy at or below $0.15. NTC has such a small market cap so the lack of publicity means we can buy a great stock (based on fundamentals) at a great price.