I personally think that, from my calculations, there is no need to reduce the number of outstanding shares by means other than quarterly or annual buyback once the wheels are in motion.
There are many large companies that hold high quantities of outstanding shares and consideration must be taken for how "NEW" CEN Biotech really is. If CEN Biotech can post tens even hundreds of millions of dollars in sales by it's first year in complete operation then that will be incredible and growth will justly follow course.
I think that a maintenance of a high number of outstanding shares will allow for security in the future events when large sell-orders do get posted.
A larger number of outstanding shares will play a role in keeping a slow(er) pace of growth, but for those holding long of FITX that might be best for evaluations of a pps. at $5+ in 2-5 years.
Reflect on the p/e ratios discussed previously for companies and the volatility that an industry such as this will possess thus allowing for substantial growth. IF and WHEN FITX posts their financials in a few months time and they show sales within or beyond our expectations there will be so much room for growth.
Everyone always posts what they plan on selling their shares at and I am both reasonable, but also a dreamer. Selling between $2 and $5 would be great. I'd much rather sell between $8.50 and $17.40 if I have to.
The ultimate goal is and YES this is a dream....(fingers crossed for no reverse splits)....I will sell my shares once the pps. reaches $52.20 or higher.....
Though it may be exceedingly unlikely, especially this early in the game...I would like to be able to live simply....work to pay for trips and fun things and even more importantly I would like to surprise many of the friends I've had over the years.
P.s. I'm holding minimum 3 - years off of a bet with another investor, but I am happy to hold longer than that.
Will I ever reach this dream, this goal.....who knows. What I do know is that there is many ways by which that goal can come to fruition and my "hopes" are that Bill can gradually encourage share buyback and retirement rather than a reverse split. I know FITX can make it without one especially with their potential sales, but it depends on an extensive number of circumstances falling into place.
Fingers crossed, good luck to all and if you are in favour of a reverse split then I mean you no ill-thoughts. I just wanted to share my opinion as an investor with fewer shares.
GLTA - FITX LONG
There are many large companies that hold high quantities of outstanding shares and consideration must be taken for how "NEW" CEN Biotech really is. If CEN Biotech can post tens even hundreds of millions of dollars in sales by it's first year in complete operation then that will be incredible and growth will justly follow course.
I think that a maintenance of a high number of outstanding shares will allow for security in the future events when large sell-orders do get posted.
A larger number of outstanding shares will play a role in keeping a slow(er) pace of growth, but for those holding long of FITX that might be best for evaluations of a pps. at $5+ in 2-5 years.
Reflect on the p/e ratios discussed previously for companies and the volatility that an industry such as this will possess thus allowing for substantial growth. IF and WHEN FITX posts their financials in a few months time and they show sales within or beyond our expectations there will be so much room for growth.
Everyone always posts what they plan on selling their shares at and I am both reasonable, but also a dreamer. Selling between $2 and $5 would be great. I'd much rather sell between $8.50 and $17.40 if I have to.
The ultimate goal is and YES this is a dream....(fingers crossed for no reverse splits)....I will sell my shares once the pps. reaches $52.20 or higher.....
Though it may be exceedingly unlikely, especially this early in the game...I would like to be able to live simply....work to pay for trips and fun things and even more importantly I would like to surprise many of the friends I've had over the years.
P.s. I'm holding minimum 3 - years off of a bet with another investor, but I am happy to hold longer than that.
Will I ever reach this dream, this goal.....who knows. What I do know is that there is many ways by which that goal can come to fruition and my "hopes" are that Bill can gradually encourage share buyback and retirement rather than a reverse split. I know FITX can make it without one especially with their potential sales, but it depends on an extensive number of circumstances falling into place.
Fingers crossed, good luck to all and if you are in favour of a reverse split then I mean you no ill-thoughts. I just wanted to share my opinion as an investor with fewer shares.
GLTA - FITX LONG
