Ann: Minimum Holding Buyback Program, page-6

Thursday May 31 marks the end of the notification for the minimum holding buyback program, which at its maximum take up could cost CM8 a tad over A$140k.

So there aren’t big bikkies involved for the company but the number of shareholders is cut by about a half.

I welcome the program, tidy up the register, tighten the register a little.

I haven’t had much experience with minimum holding buyback programs in the past. The only one was done at the bottom of the market for a particular company, which rallied strongly for months and months afterwards. This was more due to externalities than the program itself.

The board and management must have a pretty reasonable idea of how fiscal 1917-18 is panning out by now.

Perhaps a market update would help, possibly citing the debt position.

Or, even the appointment of one of them digital influencers - as per Von Rico’s suggestion - to help boost the SP.

YIKES. What if one has been on board all this year.