Yes! but i suppose I have to expect that as the different process Alex employs as he is hardly a conventional listed stock picker after the career freedom he had at Pratts World.
As you point out the, lack of buyback usage, which would be an advantage to WE holders, I can only think he is using that arbitrage to his 'personal' advantage and not the general stockholder which is why I bought back in @ .18.
Heck if the company spent spare cash on buybacks that would not advantage him as much as he buying the same amount for himself. I dont mean to state the bleeding obvious but thought to explain what I meant. Updater was another that we lost to delisting interests.
Maybe the smartmoney people,NOT ME, in the market know him too well to support a listed entity.
So I think its a buy as the risk and NTA discount make itso under .19/.20 .I wouls expect the buyout price to be above .21 AT LEAST.
Ann: Change of Director's Interest Notice - A Waislitz, page-4
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 5000 | 1 |
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| Last trade - 09.59am 31/07/2025 (20 minute delay) ? |
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