I'm not sure about participating in this buy back now. Current...

I'm not sure about participating in this buy back now. Current NTA $1.56 and can still be adjusted down. Buy back could be set at no lower than 5% of the NTA. Will still sell at a loss.

A better deal would be is stop going on every month with the NTA BS and just distribute the cash as a special dividend.

Furthermore, I'm not sure what effect this is going to have on the SP after all is said and done. I think I will vote against this resolution.

I am going to ring the company soon and let them know that IMO this is not the best way to go about giving money back and in the best interest of shareholders.

Any thoughts

Cheers
BW

PS Please don't post stuff on how bad management is and how worthless they all are. It just doesn't help. It is what it is and we all have to deal with it as it stands.