I think most know that I rate this buy back as very ineffective both for the effect on the share price and it’s real effect on the metrics of the company.
Against a starting soi of over 5bn then a miserly buy back both in quantity and timeframe is just not going to cut it in any meaningful sense.
in fact in an earlier post I expressed my disappoint that the company had decided that the best use of its capital was to start buying back shares. The wrong move for a young developing company with so many operational opportunities. Brookside is not a mature company with its books awash with cash and nowhere else to spend it.
they could possibly spend 2 or 3 million dollars on a buy back and really have very little beneficial effect on ultimate shareholder value, as opposed to putting that capital into more production orientated endeavours.
Why not just go for a consolidation? I don’t like this 5bn (ish) soi, it sends out a signal, screams it out, that we are a penny stock.
yes, we are in the market, but not in the field, not in operations, where we are operating far above penny stock level.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $105.5K | 10.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 969396 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 46520747 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 850000 | 0.010 |
33 | 25718373 | 0.009 |
17 | 5468655 | 0.008 |
6 | 3857000 | 0.007 |
4 | 6335000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 46520747 | 31 |
0.012 | 15655893 | 27 |
0.013 | 19059232 | 21 |
0.014 | 11735309 | 14 |
0.015 | 4909920 | 9 |
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