Ann: BirdDog announces a proposed Selective Share Buy-back, page-12

Gee - a lot of armchair experts here - who don't have any skin in the game.
This is a great move imo.
1. It would not be prudent to fork out $1,500,000 cash if the company is making a loss. You should only allow that cash to leave a company if you do not particularly need it for anything. And of course you should HAVE the cash. Looks to me like BDT has a nice cash buffer and is not in a loss-making position. How are sales and profits going at this point in time? We don't know because figures are not published.
2. Taking out the disaffected major shareholder eliminates a potential share overhang.
3. Decreasing the number of shares on issue will mean whatever profits eventuate will be shared to a smaller number of shares i.e. increase the EPS.
4. The take out price is fixed at a very cheap 5 cents. Well done!
Unlike other posters here, I do have skin in the game, and I do like what I see!