|RE-ULBI The company is now moderately profitable and continues to shrink the shares outstanding. I've been holding since Michael Popielec came over from Carlisle corp in 2010. With insiders owning a big percentage, no debt, and 20 million in cash. In due time. I wouldn't be surprised to see a management lead buyout. They even have a China connection for LI batteries. |
8-K snip-On June 2, 2015, the Company’s Board of Directors approved an expansion and extension of the Share Repurchase Program, authorizing the repurchase of up to an additional 1.6 million common shares through June 2, 2016. Since the inception of the Share Repurchase Program on May 1, 2014, through June 4, 2015, the Company has repurchased 1,682,678 shares for an aggregate cost of $6,476,742 exclusive of any fees, commissions or other expenses related to such repurchases. The total balance for repurchase is now 1,717,322 shares under the Share Repurchase Program, which includes 117,322 shares remaining from the initial authorization of 1.8 million shares.