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13/10/17
22:25
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Originally posted by jake0002
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the two biggest s/h can carry the day.
I suspect it is they who want the Buyback.
(even though the Board has recommended s/h vote against the Buyback)
I suspect that these two big Insto s/h will vote for the bonuses.
we s/h should send another message to the Board - stop feeding at the trough, and get YOW to cash flow positive, and Net profit, then ask for performance shares.
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An intelligent large holder IMO would ask for a capital return with the tax advantages rather than a on market buy back.
Share buybacks are a poor tool and can drag on forever and YOW can hardly cope with any distraction.
Maybe YOW management want it to get out of their massive personal holdings!!!