I doubt the buyback is to help the pps. If you remember back when talks of r/s were at a fever pitch. The company replied that they were not certain that prospective financiers would look favorably on that. If they do a buyback it Is strickly to improve the numbers. Market cap, company evaluation how much of the company shares they own. That stuff counts to big investors. A diluted stock is a sign of a weak company. I wouldn't be surprised if they stuck to the plan with a buyback.
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