it was in their h1 earnings release jan, 2009.

"Also, we believe our shares are undervalued, and we will purchase our shares in the market. With the turnaround in the first half of the year, we have strengthened our Balance Sheet with the cash position at the end of the second quarter of $11.7 million, or approximately $2.11 per share."

also, i have learned that the delisting issue is real. it is not based on total mkt cap, but rather mkt cap less the shares help by officers and board members which is ~50% of outstanding shares. under this criteria they are not in compliance.

i'm still bullish though