UBI 0.00% 14.0¢ universal biosensors inc.

Ok so ubi lost about 5 mill last year. These numbers are loose...

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    Ok so ubi lost about 5 mill last year. These numbers are loose but directionally correct. They have 36mill (circa 19cents per share) in cash so they have cash reserves of say 7 years. If i was running this company, i would initiate a share buyback and try and pick up shares at say 15cents so effectively paying 75cents to buy 100c. Even if they dont pick up many At least it puts a floor under the price.
 
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