This phrase that the company is in "discussions
and developing strategies to optimise shareholder value" has been in every quarterly I can remember. What kind of discussions and strategies are they having or interested in?
The buyback now makes no sense to me as it has forced the company to a low cash position and for what?
As some have said, its time for the CEO to do an interview or release that explains the plan for this company. When do they expect to have some news that will create some interest and liquidity.
Has there been any confirmation that manufacturing at Foxconn has started? Where is the ehealth side of things expected to progress?
Not enough info from the company to give future direction and now the CEO is earning interest from a loan that wasnt necessary before the unnecessary buy back.
UCM Price at posting:
3.7¢ Sentiment: None Disclosure: Held
