Posted On: 04/01/2015 8:14:24 PM
Post# of 5949
Bud Genius, Inc. - Share Structure Facts.
04/01/2015
http://www.otcmarkets.com/financialReportView...;id=129668
A/O 09/30/2014
Current O/S: 28,060,999,468
Current Authorized: 30,000,000,000
*Estimated Float: 3,344,206,740 estimated free-trading shares
OTHER FACTS ABOUT BUD GENIUS, INC.:
1) Total number of preferred shares issued is 3,565,000 to an unregistered CUSIP.
2) The company shows a balance remaining of 24,716,792,728 shares common stock that were issued to one shareholder in November 2013.
3) The company repurchased 1.499 billion shares of its own stock, almost 5% of the company’s outstanding shares in September 2014.
4) The company repurchased an additional 500,000,000 shares of its own stock in September 2014.
5) The company “feels the number of outstanding shares is too high… and is presently in discussion about ways to do more. As buybacks occur, the shares will be cancelled and the board will complete a resolution to reduce the authorized shares."
6) Bud Genius’ Balance Sheet shows a net worth of $1.1 million (after subtracting liabilities).
7) On March 30th, 2015, the company announced LOI to Acquire Evergreen Licensing – an Exclusive Licensor of Tommy Chong Products. The Company controls licensing rights in the nation’s largest cannabis market, with $1.3 billion in yearly sales.
Bud Genius, Inc. has no long term debt which is a tribute to sound management. With no long term debt the company has no burden of meeting interest payments. And this makes it less likely to have financial problems in the future.
* Note: Clean Balance Sheet. No Long-Term Debt.
04/01/2015
http://www.otcmarkets.com/financialReportView...;id=129668
A/O 09/30/2014
Current O/S: 28,060,999,468
Current Authorized: 30,000,000,000
*Estimated Float: 3,344,206,740 estimated free-trading shares
OTHER FACTS ABOUT BUD GENIUS, INC.:
1) Total number of preferred shares issued is 3,565,000 to an unregistered CUSIP.
2) The company shows a balance remaining of 24,716,792,728 shares common stock that were issued to one shareholder in November 2013.
3) The company repurchased 1.499 billion shares of its own stock, almost 5% of the company’s outstanding shares in September 2014.
4) The company repurchased an additional 500,000,000 shares of its own stock in September 2014.
5) The company “feels the number of outstanding shares is too high… and is presently in discussion about ways to do more. As buybacks occur, the shares will be cancelled and the board will complete a resolution to reduce the authorized shares."
6) Bud Genius’ Balance Sheet shows a net worth of $1.1 million (after subtracting liabilities).
7) On March 30th, 2015, the company announced LOI to Acquire Evergreen Licensing – an Exclusive Licensor of Tommy Chong Products. The Company controls licensing rights in the nation’s largest cannabis market, with $1.3 billion in yearly sales.
Bud Genius, Inc. has no long term debt which is a tribute to sound management. With no long term debt the company has no burden of meeting interest payments. And this makes it less likely to have financial problems in the future. * Note: Clean Balance Sheet. No Long-Term Debt.
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