An Investment cas, page-8

And what did Greg say when you asked him to do the buyback? They had the 12-month authorisation from March last year and still haven't brought back a single share, even after the stock price tanked.

I'm sure you can understand why some might not feel the same way about an "excellent & credentialed Board" and "solid oversight" given what's just happened with Kirkalocka. I agree MSV management are helpful and open. I have spoken to them on this issue and was not particularly reassured by their response.

To paraphrase a famous psychologist: If you cannot understand why someone has done (or not done) something, look at the consequences, and infer the motivation.

And don't forget anchoring bias, confirmation bias, endowment bias, disposition effect