other material
confidence high
sentiment positive
materiality 0.40
Cleartronic board approves stock repurchase program, cites undervaluation
Cleartronic, Inc.
- Board approved stock repurchase program on Jan 6, 2023; announced Jan 12, 2023.
- Program allows repurchases under Rule 10b-18, financed from existing cash.
- CEO Marc Moore states stock does not reflect company's value and growth prospects.
- Repurchase program may be extended, suspended, or discontinued at any time; no specific share or dollar limit disclosed.