VRX 5.56% 3.8¢ vrx silica limited

Just think, the BOD could do the right thing by shareholders and...

  1. 6,502 Posts.
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    Just think, the BOD could do the right thing by shareholders and buy back those 13 million shares that they sold, and still they will have made a substantial profit from the whole sorry saga. It would send a clear message that they believe in themselves and the future of VRX. Surely its not too much to ask that they buy back on market at the current SP of ~4c, having sold at 30c ? The SP would get a immediate boost and shareholders would be pleasantly suprised when they see a "directors buying" notice. Of course, the BOD still get to keep $3.38 million of the $3.9 million they sold for, to buy whatever luxury cars and pool extensions they have planned.

    All IMHO, DYOR
 
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