Agree.

If the company is doing well, they could still pursue a share buyback. PPS growth beyond a certain point is unrealistic with 2.7B shares. If I were buying back shares and could only afford so much, maybe I would want my PPS lower (unfortunately at the cost of longs)... Speculation of course.

From Investor Letter: "Stock holder value has always been a priority for the BOD and management of HTI.   When the financial projections of the JV are met, a share buyback program will very likely be implemented.  HTI has spent a great deal of time, money, and effort in developing a superior product.  The Hy-Impact series of products is the result.  Shareholders will ultimately benefit from the success of this product launch led by LaunchIt."