Why? What had the previous buybacks done for the mum and investors who usually are long term holders.
Is there a way to categorise - shareholding data as presented in the annual report - the number of participants in the previous buybacks.
I doubt that many participants with holdings up to 5000 shares got involved in the previous buyback.
This type of redistribution of excess capital - buybacks - amount to legalising syphoning funds to elite traders and institutions with the board abetting these entities by giving them ample time to minimise their tax obligations.
That what it amount too with this preferred options of buyback.
The board is once again perpetuating a con job on the retail investors.
NHC Price at posting:
$4.16 Sentiment: Hold Disclosure: Held
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