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11:27
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Originally posted by Silverchair:
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Unfortunately no more 4cs from Clinuvel. They have so much cash, and are printing cash at an ever increasing rate, meaning these forms are no longer a requirement at Clinuvel unlike most speccie and loss making Biotechs which are strangely often valued higher than CUV. It would be nice to see the cash flowing into Clinuvel coffers if they continued to show the 4cs but they have other things to focus on like share grants to themselves haha. Maybe they will get focused on shareholders at some point and carry out the buyback (which will only use 10% of massive cash reserves of $200+ Million) at some point like they stated they would and as most companies announcing buybacks actually do. 1.5 Million real shares bought and then deleted will make a nice difference for shareholders with only 50 Million CUV out there.
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A trading update might be encouraged in its stead....
