There's no chance of a buy-back. They've burnt so much capital through careless waste that there's nothing left in the kitty to even progress Buntine, much less buy back shares.
Mathew has reigned in the costs to some degree, but it's still bleeding. There's never been enough revenue to even pay the staff costs after COGS were taken out. They have always been profligate. I realized far too late that it's been run like a sheltered workshop of idealistic greenies who have treated capital markets like a magic pudding. And that well has now run dry, given the poor result of the last raise.
I want out, but it really sucks to give up at 12cents. Just waiting to see if they can sell some Buntine out of Germany at any kind of profit to stave off bankruptcy.
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There's no chance of a buy-back. They've burnt so much capital...
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