Ann: Notice of Annual General Meeting/Proxy Form, page-32

The buy back is the smartest thing i've seen come out of this company for a long while.

Cash came in at 90c and they are buying it back those shares under 25c! What a trade.

The directors should be taking pay cuts until they get the company profitable and hit their targets. Once the company IS making profits (FY19 ~$5m?) the re-rating will only be exacerbated from the buy back (less shares on issue = higher share price for the same valuation).

Better than it sitting in cash earning nothing or being used to pay exorbitant director salaries!

Only reason i can see the directors not supporting it is they don't back themselves to get the share price up!