SIP have stated they are buying back 5.5% of shares at a price...

SIP have stated they are buying back 5.5% of shares at a price no greater than $2.45. The buyback was going to be selective, however going on what SIP have announced it seems no one was willing to sell at this price. In a very recent announcement SIP announced they were looking at a non selective buyback or some other form of capital management initiative.

I have read the transcripts of the speeches made recently by the CEO and MD. After which I can now understand why the share price has taken a beating. There was not a lot of positives. Focus on preventitive procedures being one factor. The one positive is that they have access to generics. As someone has said before no catalyst for the share price. I am also lead to believe margins are wafer thin. Pleae correct me if I am wrong on this account.