With the KUPE upgrade announced today you can see why NZO has not began the buyback. That being that it could not begin when NZO was in possession of some knowledge that is not yet public knowledge.
Having said that I remain of the belief that a buyback is a poor use of funds when Acquisition is the better way to go. Buybacks just help the sellers that want out. An acquisition would give more reserves to holders for the money spent,
Cheers all.