Connexion announced today that they are doing an on-market buy back kicking off on the 25/10. This was approved by shareholders a few days ago at their AGM. Which should add a floor to the current SP at around 0.027.

Looks like they are intending to buy-back circa 170,628,991 shares (approx. $4.6 million a current prices). Shares on issue are 849,891,492. So this equates to about a ~20% buy-back of current shares! That's a decent purchase.

According to their most recent Quarterly, they also purchased 33.7m worth of shares between Jul - Sep 2024. Appears they have approximately $5.1m cash on hand at the end of the quarter.

I haven't viewed the meeting with them from last month, but I have been meaning to take a look, today's announcement pushes that up my priority list.