The buyback announcement for BAF yesterday had a significant positive effect w 5% uptick. The Board of BLA should follow suit and use some of the AUD 100m raised to launch a buyback for BLA - if dealflow has dried up what else are they going to do with it except pay for salaries/bonuses for the executive team that got them in this mess to begin with?
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Birch and Waite ......latest Blue Sky project, page-9
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