Long term holders should be rightly questioning the buy back.
It's evidently so far doing nothing to improve the share price.
What it is doing though, is buying back a material percentage of the company - with company funds, ie: shareholders money- then giving it to insiders and employees.
Almost $2m of equity, with performance hurdles etc all decided by management.
Basically 10% of the company, transferred ownership to insiders just when things are apparently starting to look positive. How handy!
Long term holders should be rightly questioning the buy back....
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Last
3.1¢ |
Change
0.001(3.33%) |
Mkt cap ! $27.90M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.1¢ | 3.0¢ | $47.08K | 1.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 145132 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 499200 | 1 |
View Market Depth
| Last trade - 15.53pm 06/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
0.001 ( 6.90 %) |
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| Open | High | Low | Volume | ||
| 3.0¢ | 3.1¢ | 3.0¢ | 52327 | ||
| Last updated 15.22pm 06/05/2024 ? | |||||
| CXZ (ASX) Chart |