CXZ 3.45% 3.0¢ connexion mobility ltd

Total cash spent on the buy-back to date has only been approx....

  1. 51 Posts.
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    Total cash spent on the buy-back to date has only been approx. $167,000 so really no significant impact to their cash balance. I'm happy with the buy-back option as at least it puts a floor under the price. Management should really be buying shares on-market also to show confidence in the company.

    I do agree though that if they're not gaining traction with signing on additional OEM's or dealerships, then more cash should be used for product innovation (i.e. alternative revenue streams) or bolt-on acquisitions.

    I don't think the semi-conductor chip shortage is now enough of a reason for there to be what feels like stalled progress.

    Just my 2 cents worth or in CXZ case... 1 cent worth!
 
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3.0¢ 684498 2
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Last trade - 15.48pm 11/07/2024 (20 minute delay) ?
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