Posted On: 03/05/2014 11:46:02 AM
Post# of 56324
Question/Opinions Wanted.....
Looking at the Med MJ companies out there eclipsing $30, their total shares are right around 100 million to 500 million, 500 million has prices at around $8 PPS, granted this is all well before any big growing in the sector and many more law changes that will change things even more.
What is a realistic expectation on a share buyback? Our FITX is at 4 Billion Authorized I believe, maybe just under 2 Billion Outstanding. would it not be wiser to buy back billions of shares now while it is crazy cheap and destroy them? Would that not reduce a chance of a reverse split later? A reverse split would have to be so massive it would be at a 100-1 roughly. Would suck going down to 400 shares from tens of thousands. No way we stay at 4 billion shares, should we, what is a realistic high end to assume, say in 2 years making Billions.
I am long FITX, I am not going anywhere, I am betting on the sector and so far the management as been pretty darn good.
Looking at the Med MJ companies out there eclipsing $30, their total shares are right around 100 million to 500 million, 500 million has prices at around $8 PPS, granted this is all well before any big growing in the sector and many more law changes that will change things even more.
What is a realistic expectation on a share buyback? Our FITX is at 4 Billion Authorized I believe, maybe just under 2 Billion Outstanding. would it not be wiser to buy back billions of shares now while it is crazy cheap and destroy them? Would that not reduce a chance of a reverse split later? A reverse split would have to be so massive it would be at a 100-1 roughly. Would suck going down to 400 shares from tens of thousands. No way we stay at 4 billion shares, should we, what is a realistic high end to assume, say in 2 years making Billions.
I am long FITX, I am not going anywhere, I am betting on the sector and so far the management as been pretty darn good.
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