I'm not quite sure you understand the maximum buyback price....it is a VWAP based calculation and with the sell side happily feeding into the high 5's there is no reason for the company to be pushing it up. If they were to push it up the VWAP would dictate that they could purchase at a higher price. I have no idea why you are concerned that the maximum is not going up...it is in everyone's best interest for it to stay low - unless you want to sell out. However, the company, by law, cannot cater for those people - it must be run for the maximum benefit of holders, which means buying back at the lowest price.
Interesting to see that Keybridge was suspended from trading today. They appear rudderless with Bolton disqualified.
As far as companies to invest in yachty - DYOR.
MEL Price at posting:
5.7¢ Sentiment: None Disclosure: Held
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