PNV - Chart, page-18670

I posted this on another thread but I believe it can apply here too and it's a good read showing the fine line between the legal and the illegal.

Link to site discussing circular trading

https://fastercapital.com/content/Illegal-trading--Circular-Trading--The-Thin-Line-Between-Legal-and-Illegal.html

The good thing with a buyback is that the manipulators have worked the market to this point and created the narrative. The buyback can intervene in the circular trades by grabbing shares each day at cheap prices and gradually removing a lot of liquidity used for circular trades - while at the same time increasing EPS and the capital position of Clinuvel. After a million or so shares have been removed it will be interesting to assess, it's a good signal to investors that steps are being taken to reduce market manipulation. The buyback is also using only a tiny percentage of cash and could be repeated again and again IMO.

All IMO DYOR