10-4 Mud.... I read your earlier post on this... Y
Post# of 56323
Posted On: 04/02/2014 8:52:14 PM
10-4 Mud.... I read your earlier post on this... You are def the master of DD so let me run this by you ... I was thinking the same, they could sell a % of them to buy back some shares, but yes, if they can exchange them that makes it even easier. Issue would be exactly WHAT the restrictions on them are and I didn't find anything detailing THAT. Anyone??? I also know that there is a way to simply retire AS and take them off the books, but don't know anything about that. Anyone???
So say PHOT is trading @ .75 by that time...
235,000,000 shares X .75 = $176,250,000
So say FITX is trading @ .30 (this all happens after license) and Bill puts $100 mill of it towards the buyback and banks $76 Mill...
$100,000,000 * .30 = 333,333,333 shares of FITX
Current float = 2,295,374,724 - 333,333,333 now gives us 1,962,041,391 shares in the float, or less than 2 Billion and now just little over 3 Billion AS...
Bottom line is, depending on how much he wants to spend, somewhere near 1/2 Billion shares can be taken out... (rounding up generously)
It's a Catch-22... he needs the PHOT assets on the books for the financials. BUT he has to make any strategic MJ partnerships, acquisitions and deals while the iron is HOT. He HAS to make any acquisitions NOW before someone else grabs a company, technology, facility or land he has his eyes on. But if he waits too long to buy back it's gonna cost him dearly.... I guess he can always use shares of FITX to make these deals (like the HEMP LTD deal) and liquidate the PHOT shares and still do the buy back.
LOL... I don't EVEN want to try and do the math on how that reduced SS above would translate to the pps... anyone???
This is all fun to talk about and speculate and play armchair CEO... One thing I know for sure... I'm 100% confident that Bill and the team have this well thought out already and will do what's best for the shareholders and CO long and short-term... He WILL deliver... and that is SUCH a great feeling to have, especially at this stage of the game!!!!!!!
So say PHOT is trading @ .75 by that time...
235,000,000 shares X .75 = $176,250,000
So say FITX is trading @ .30 (this all happens after license) and Bill puts $100 mill of it towards the buyback and banks $76 Mill...
$100,000,000 * .30 = 333,333,333 shares of FITX
Current float = 2,295,374,724 - 333,333,333 now gives us 1,962,041,391 shares in the float, or less than 2 Billion and now just little over 3 Billion AS...
Bottom line is, depending on how much he wants to spend, somewhere near 1/2 Billion shares can be taken out... (rounding up generously)
It's a Catch-22... he needs the PHOT assets on the books for the financials. BUT he has to make any strategic MJ partnerships, acquisitions and deals while the iron is HOT. He HAS to make any acquisitions NOW before someone else grabs a company, technology, facility or land he has his eyes on. But if he waits too long to buy back it's gonna cost him dearly.... I guess he can always use shares of FITX to make these deals (like the HEMP LTD deal) and liquidate the PHOT shares and still do the buy back.
LOL... I don't EVEN want to try and do the math on how that reduced SS above would translate to the pps... anyone???
This is all fun to talk about and speculate and play armchair CEO... One thing I know for sure... I'm 100% confident that Bill and the team have this well thought out already and will do what's best for the shareholders and CO long and short-term... He WILL deliver... and that is SUCH a great feeling to have, especially at this stage of the game!!!!!!!
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