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The company seems like missing directions now. They shouldn’t share buyback that time. They should seek for other business opportunities. Now is too late
if he sold a portion of his holding at RM 6-7.50, then they buy back at RM 3.80-2.50, u think they are foolish? they own and started this business, none can understand their own share under value or over value than himself. these action also consider short selling, then cover back at lower price, he still holds the same % of share, but profited from opportunity of life time
wrong decision that time and now. now cutting cost everywhere. even cancel some past year performance based benefits to employee, just because now lapsap profit.