Ann: South Block A - Seismic Update , page-7

There could be a situation where a buy back prior to the merger would be considered ok.

That being if it is already agreed internally how many OXX shares PKO holders will receive under a few likely outcomes of the arbitration, and if there is a number of substantial OXX holders who are fed up and wanting out of OXX, a buy back prior to the merger could be in oder. So long as the buy back is not substantially changing the current sp. The buy back could be in both OXX and PKO holders best interest as the pool of benefits are shared btw a lesser number of OXX shares.

You could argue we should leave it up to the director of PKO and OXX to work it all out. If one yells rat then we all start hurtling abuse at them. Kidnapping is probably a bit extreme.

Where we are safe is GA holds both shares.