Lucky they Announced a buyback, whilst in stage one of a double...

Lucky they Announced a buyback, whilst in stage one of a double Staged cost restructure which came after numerous guidance downgrades!!!

Outrageous imo

Great way of spending the company capital which appears to have had no other real plausible purpose than to hold the share price imo- clearly the main holders didn’t want to tip more money in

Will they this time?

And of course you can guarantee imo from the announcement that there will be a “ non cash” writedown off goodwill coming, which was paid In Spades for the north shore Office , paid for by money raised- one of the principle reason for floating- along with paying off debt, and new computers and software

They have done nothing wrong- All this was in detail in the prospectus - along with how the number of shares was seriously raised prior to floating - which resulted in many of the big holders getting paid and still
Holding huge shares which they basically got for free—-

My theory remains- you can’t expect to make money from buying Into a commissioned based set of contractors , who for less than a few thousand dollars can start exactly the same business in under a few days, which is subject to high competition

Anyway will be interesting to see this over the next six months, ceo and board gone- founder who got paid big now back, fighting for shareholders lol

Wonder if the movie the big short is in production? owner sell company for 215—— It falls apart almost immediately - buys back for nicks