Ann: Update - Notification of NO buy-back - BRK, page-16

Dredd....meant to tag you on this sorry.

Agree completely. The share price in isolation whilst disappointing is nothing compared to the lost opportunity of reducing the equity on issue esp after the massive blow out with the option BS. That cruelled holders, it near permanently impinged future returns by around 35% for long term holders. The great thing about having BRK trading at 1.2-1.3c means we have the opportunity to correct a very poor decision on capital structure. Never thought we'd get it (and at these prices!) but here it is & they're sitting on their hands.Pretty sure with the cash build (to be confirmed with the last quarterly) we'd be able to spend $9 million on buying back shares and still have a very comfortable capital buffer. It would go a long way to restoring the promise of returns going forward for those that choose to stay invested (me). This is a rare opportunity before a vaunted monetising event. If it's not taken advantage of, it may never present again...at least not at these prices