Ann: Kogan.com - April 2024 Business Update, page-61

You need to play the game mate. The majority of sales today have been brokers. You can see by the magnitude of small orders being placed and reloading everytime a line is wiped. These aren’t retail traders.

All you need to do is to decide whether you think they are going to buy back or continue to suppress the SP. I feel they are taking an opportunity in weakness to accumulate some cheap stock by shaking the tree. It is a good business so will bounce back. They are profitable so won’t need a CR if they are wise with the remaining funds. A good decision or bad, the board would have known what the remaining cash balance would have been after the option payment and they wouldn’t have approved it if they would then need a CR particularly when there is a share buyback in progress.

Im taking the opportunity to buy some cheap stock and will continue to soak up what I can on any weakness.