The market expected that the RCPS would not be converted - they were.
Mgmt tried to set the expectation the court case lacked merit - it clearly didn't.
By making an out-of-the-blue buyback ANN on 28/8 (to tactically deflect from the court loss) mgmt set an expectation that buy backs would begin quickly - they don't seem to have.
Mgmt being completely out of sync with expectations isn't going to help develop the positive sentiment required to sustain a higher SP in the medium or long term - regardless of whether 4% of shares are taken out of play.
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Last
73.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $140.6M |
Open | High | Low | Value | Volume |
73.5¢ | 74.0¢ | 72.0¢ | $31.14K | 42.51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7500 | 73.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
74.0¢ | 5996 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25 | 0.650 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.740 | 5996 | 1 |
0.750 | 26666 | 1 |
0.790 | 50000 | 1 |
0.800 | 28279 | 1 |
0.815 | 6538 | 1 |
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