Ann: Notice of Meeting - 2022 Annual General Meeting, page-20

Market Cap 644million
cash say 450-500million ??

at these prices a 50-100 million dollar buyback would be an great way to invest that money they scored from the capital raise a while back. 100million buys you 15% of the company.

Risky if they run outta cash but if they do run out in a couple of years they are rooted anyway. If they burn it all 100million at the end won’t save them. May as well take a punt on themselves.

Doing a buyback at these low prices could pay huge dividends in a year or so.

i brought at $3.26 a few months ago. Will top up if it goes under $2 which I reckon it will.

their growth in the US and Aust has been fantastic. It should continue and we will be rewarded down the track. People are shocked at their marketing spend. But seriously you’ve gotta spend mega bucks to start a business like this. Spend money to make money etc etc.