Someone else pointed out to me they have done this before and don't provide a lot of detail but just leave it open ended. Really poor form and it does nothing for the share price on top of all the other factors.
Perhaps if the Chairman was to offer himself as a non-exec it would preserve some value in the company given it has a CEO, CFO and two divisional CEO's and he takes a full time salary as an exec chair from TZL as well....
Perhaps if the company was to improve its governance framework, as lodged with the ASX late last year, to afford shareholders some transparency on matter of relevance it would then set in place a structured means for a proper buy-back if the intent was real.
Perhaps if pigs could really fly we could get to the moon faster.
YBR Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
