I'm very interested to know how this is going to work. They have announced an on-market share buy back of up to 64 million shares starting November for the next 12 months, however this is quite the illiquid stock?
If the top 20 shareholders do hold 94% and are going to hold, then the company is really going to have to pay up for them
Will be watching closely come November
Ann: Announcement of buy-back - Appendix 3C-AIV.AX, page-5
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Mkt cap ! $1.293M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 259429 | 1.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 16418 | 1 |
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