They intend to do a Limit-based equal access share buy back, which I could see potential 2 problems:
- you will not be able to sell ALL your shares due to scale back.
- the buy back price could be lowered so that as many shares could be bought back as possible.
Either way, buying shares now at the price under 19 cents poses more risks than rewards.
Plus, it shows that they don’t have intention to further develop TSI, so I expect news regarding the sale of TSI’s in the near future.
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- Ann: Clarification on Share Buyback
Ann: Clarification on Share Buyback, page-8
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