Also to add to the annoying list - we now have exactly 50% of our entire shareholder base with an unmarketable parcel (less than $500). Refer page 64.
This needs to be a priority to conduct an unmarketable buyback - will reduce total shareholders from 1220 to 610, and reduce admin burden whilst improving earnings per share.
Total cost of the company to buyback & cancel these shares would be $300k (plus a bit of fees), and would reduce SOI by ~33m shares or close to 5%
This is a simple exercise to conduct, and can totally be done in parallel to all existing operational plans. Many many ASX companies do this regularly
Let's gets serious here about capital management - this is only Step 1
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