Management were reckless buying shares at 15c. When you are a loss making company, there has to be deep value to warrant a buy-back, which was never the case. It's a red flag and indicates incompetence.
At least the buy-back helped the flippers to exit, whilst retail are left holding the bag.
The Froyo Chain, page-25
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $26.88M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $12.62K | 574.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 859690 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 19000 | 1 |
View Market Depth
| Last trade - 15.19pm 18/10/2024 (20 minute delay) ? |
| ICI (ASX) Chart |