Retiring enough shares will be very difficult. Sim
Friday, April 11, 2025 5:51:56 PM
Post# of 56324
Post# of 56324
Posted On: 04/13/2014 8:11:01 PM
Retiring enough shares will be very difficult. Simple math:
To retire 1 billion shares at $1.00 per share = 1 billion dollars
$ 2.00 per share = 2 billion dollars
Once share price starts climbing the cost will be extreme.
To get a billion shares off the market would take many years.
With the money FITX will earn I think acquisitions of other companies would be a better way to spend cash and might give FITX more capital so that they can possibly retire a large chunk of those shares.
To retire 1 billion shares at $1.00 per share = 1 billion dollars
$ 2.00 per share = 2 billion dollars
Once share price starts climbing the cost will be extreme.
To get a billion shares off the market would take many years.
With the money FITX will earn I think acquisitions of other companies would be a better way to spend cash and might give FITX more capital so that they can possibly retire a large chunk of those shares.
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