Ann: Share Purchase Plan, page-158

A 20% discount to the VWAP starting in around a week or so. Management think with an announcement that the price will rise. But if they leave it last moment there will a massive dump in my opinion.

The buy side is so thin that it may even fall to 1 cent before the 20% discount is applied.

Dilution spirals are the cause of wealth destruction for many market participants and Azure should have not fell into this trap.