The good news is that DRO could buy the shares back cheaper than they bought them and hopefully cover the cost of all those expenses.
But you are right that they would never do it, not because it doesn't make sense, but because it would reveal that they should have never diluted shareholders equity in the first place. Also, they would lose that lovely pile of cash that means that even if management fail, they will have the money to be able to pay themselves juicy salaries for years to come.
Director sale of Shares, page-12
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Last
$1.03 |
Change
-0.115(10.1%) |
Mkt cap ! $781.6M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.13 | $1.01 | $28.63M | 27.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 52323 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 1650 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |