They will not achieve their stated aim of increasing MC/shareholder wealth with the BB strategy currently in place
If the floor remains .011-.012 (or lower) when the BB is finished they still have 4.5 billion shares on issue. What rabbit out of the hat are they going to pull for the share price to magically double or triple the share price in 6 months time ? Its a sh@t strategy
They are effectively throwing 4-5 million away for no gain whilst getting the exact opposite of their intended aim.
They should have thrown a 5 million dollar party for all shareholders and the price would have definitely gone up
Cash is king at this end of the market and parting with it under this dubious strategy feels like complete stupidity
Ann: Update - Notification of buy-back - BRK, page-82
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Change
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Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $70.11K | 7.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 27041366 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 13243503 | 15 |
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