May. 12 at 6:48 PM
$ORIS
“Necessary” is your opinion, not a fact. A buyback isn’t the only path to compliance, especially for a small-cap growth company trying to preserve cash for operations, acquisitions, expansion, or strategic flexibility. Companies facing Nasdaq issues use multiple tools extensions, hearings, restructuring, partnerships, revenue growth, reverse splits, capital raises, insider support, etc.
If management truly believes future catalysts can raise valuation organically, burning cash on open-market buybacks at this stage may actually be the less responsible move. A buyback also doesn’t guarantee sustained compliance if the market just sells back into it afterward.
Calling the absence of a buyback a “smoking gun” ignores how many listed companies regain compliance without one.
