Burned Media Ltd (BUNM)

[thelimeyone]

That is only the first half of the equation, & your conclusions are misleading to say the least. Factored into any share price once initial revenues are known, are "future earnings". That factor can be 20 or more, particularly for Co's in their early development. Once any sort of revenues PR comes out for this Co expect a big increase in share price at that point.
There is a time & place for everything, for a share buy back or r/s this is not it. Although 1.6B is a lot, for a Pinky it's average & the float is a lot less. The only appropiate time for a r/s is when the Co is strong enough through revenues & higher SP to do it for the sole reason of moving to a higher exchange, however if you look at Co's like Pfizer or Microsoft a huge amount of shares has not hindered them.
Crooked CEO's do r/s's at inappropiate times, & put cash in their pockets, so as wth any Pinky you either trust the CEO or you dont, which is everyone's individual decision. From the evidence I have seen so far I see nothing to doubt the CEO.
As insurance I personally would take my original investment off the table once SP improves sufficiently, & ride the free shares for a no lose outcome. All IMO. tlo.