MTQ Corporation

[CityFarmer]

Learned new stuff today.

Probably due to limited exposure, 1st time see company selling their treasury shares.

Not particularly surprising, though it's the first time I've seen it too.

Companies normally retain treasury shares as a reward for staff in ESOP exercises, or to be given as a reward.

I'm not sure what their average price was for their treasury shares, but I think they would have made about 60% to 80% profit as a result of selling at 85c.

Company buying share from open market because it is undervalue

So company selling treasury share because it is over-value?

I am not taking it too negative, as long as it benefit the company, any legitimate way should be OK.

(not vested)