"the reason the share price goes up " to "the reason I believe the share price "May" go up"
e.g Ask ten shareholders - the buy back underpins any further falls whilst the buy back is on but there is no guarantee the shares go up as you suggest.
RE: "there are less shares for the same amount of share holders" So a company whose shares are now e.g. 2 cents should restructure 10 to one at 20 cents? No I don't think so.
Re "So *assuming* the same number of people want the same number of shares" Aren't you forgetting here to add "at the same price." I for one would not be tempted to buy at a higher price if the assets have not changed. Dangerous to "assume" at the best of times.
"due to the laws of supply and demand" The law you speak of is dominated by value and return per share not the amount of shares. Increase or decrease the shares - the market will soon work out the net asset backing and return.
Notwithstanding, we can agree to disagree - and I do agree that a buy back would be advantages and that the shares are way undervalued and should reach the price you mentioned as the market picks up.
OZL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held