I wouldn't look too far in to the share buy back. It is only for roughly 6% of the shares outstanding and further is limited by price which undoubtedly would have had constraints due to limited cash reserves. I believe it was in place to stop retail investors from trashing the share price in the event of exiting.
Ann: Trading Halt, page-25
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1.2¢ |
Change
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Mkt cap ! $16.87M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2486790 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 140000 | 2 |
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