Wayne said he does not want to buy shares as he knows too much about the company. He knows that in reality he can but he is keeping with this rule with all of his directorships.
On the share buy back front he said that they have recieved lots of legal advice and that the CEO is basically stuborn and does not want to buy back at this present second because he feels it is unethical for 20 cent shares to be bought back so cheap.
Lastly I was also told that the CEO had been approached with offers to buyout the entire company but he is not willing to even negotiate.
SBB Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
