Your comments make much sense, but how many realise that the last sale price is just an artificial price and not to be taken at all seriously. The only good thing the buyback did was to support the price, IMHO money down the drain.
Whatever price it makes on relisting IMHO it is sure as hell not going to be anywhere near that. With the ongoing financial crisis I am at a loss to understand why shareholders are not being given the right to take up shares in an isssue, possibly with attaching options, rather than persevere with further part overseas ownership.
CDU Price at posting:
$3.39 Sentiment: None Disclosure: Held