They have known about this buyback request for a period of time and seemingly have failed to show holders that they are able to use $ to produce a better result for shareholders so the question I think should be on the spill?? Imagine giving 5 mill back in a buyback and then needing cash before they are profitable? They need to use cash other than on wages IMO and if current strategy on sales growth isn't working they need to get a strategy that does.
Imagine setting performance rights based on volume not profit or margin? That says a lot IMO as they are no way aligned with shareholders who need a profit to have a rising price and return on investment. .
Send em a serious message with a 2nd strike ?? Can't see other options unless they come out with a serious announcement before AGM that fixed a few of the holes and IMO under performance?
They have known about this buyback request for a period of time...
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