My thoughts regarding future buybacks, and uplist
Post# of 56323
Posted On: 03/02/2014 8:27:07 PM
Re: Hldctravel #1096
My thoughts regarding future buybacks, and uplisting, both of which Bill has mentioned are in his future plans with FITX. First, Bill has publicly stated several times there will be no reverse split, which is awesome for shareholders. Regarding the uplisting, my guess is that he will first move to a higher tier of OTC to get off the pinks such as OTCQB or OTCQX. He has mentioned moving eventually to the big boards, and has mentioned NASDAQ. There are a series of requirements that must be met before that happens though, which the company would not currently be able to meet. However, if we get the license when predicted (or even if some delay, I'm sure we'll get it), that would change a lot of things. Once the revenues begin rolling in from the harvest, that would give the company a sudden massive cash infusion. At that point, they could do a huge share buyback (Bill has suggested this in interviews), which would immediately increase share price to a minimum specific dollar requirement (I forget, I think it's $3 or $4, will have to check) pps for uplisting to a big board. He has also mentioned dividends once revenue starts coming in and we are cash flow positive, but I would expect a buyback to far precede that. That's my conservative thinking, but we all know Bill wants to "underpromise and overdeliver." 
All my opinion, of course...
FITX
All my opinion, of course... FITX
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