Fall from grace but who cares, page-2

The part about no one cares...is the most concerning here.
How about hearing a little fight from the shareholders instead of taking kool-aid from management?!

Hardly anyone on this board and certainly management don't seem to even know there are 2 major problems that are unrelated to the solid performance of the last half.

-The company isn't telling the market what's going on. I'm not saying they need to promote the stock like a penny stock but, there were 5 important news events in the past 6 months and I had to have a 3rd party news company called bazinga tell me about them. Not on!

-Most importantly, Codan is a $1.50-$2 stock right now. (I'll let you do your own valuations) . All they need to do is find a small amount of buyers to let someone fill the "asks". Often the stock goes down 2% on 20-50k in volume. It's painfully simple trading math.

Codan isn't a small cap penny stock...It's a strong mid-sized ASX company that is making money, growing and has a solid balance sheet. Really, the board and management should be ashamed of the current stock price. Management of the share price IS their responsibility. They have a duty to act in the best interest of shareholders.

Here's a example of a small ASX company that no where near as big as Codan. However, look at what they are doing to support shareholders and dare I say it...invest in their own company.
BTW...the stock went up 8% the day of this announcement and has a new floor.

A Codan buyback would easily get this stock back the $1.20-1.30 as new investor would "find" the stock and invest. 5-10M of Codan and new funds would get these shares well above $1.50.

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