bizarre indeed! the to-date average paid per bought-back share is $0.0988. we're currently sitting at an SP of $0.051, which is 48% less, & we only buy back 100k shares on the day SP hits 52w low of $0.05, on an above-average volume day (3,930,383), when we are CFP & have $21.6m cash sitting idle! i'm so confused:
i trust they know what they're doing, but this clearly looks like incompetence manifest & doesn't align with their rhetoric. SH deserve a frank update & explanation
Ann: Update - Notification of buy-back - ICI, page-5
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