I'm not sure how a R/S would benefit longs, as you
Post# of 5066
Posted On: 05/16/2014 9:31:59 PM
I'm not sure how a R/S would benefit longs, as you say. This would not only give the bashers massive fuel, but also be seen as negative. We only need to reach one penny to be on the QB. I assume after FDA Approval and IPO offering, we'll see more than one penny. Retiring or buying back shares is the only positive thing that should be done. When MYEC bought back 1 billion shares, people were all over it and how much of a positive thing it was.
With people that have 20 million or more shares, it's not a horrible thing, as they can sell a quarter of their position at any time and still have 15 million shares. The majority of the stock holders, I can bet, have less than 3 million shares.
There are other companies that have more than 3 billion shares and are trading for pennies and more. There should be no issue, currently, with the share structure. Maybe months and months from now I could see it, but still cant see the benefit.
If a buyback was to occur, the biggest question would be, where are the funds for the buyback coming from? If anymore dilution occurs, since we should need to dilute, we'd be screwed as far as the PPS.
With people that have 20 million or more shares, it's not a horrible thing, as they can sell a quarter of their position at any time and still have 15 million shares. The majority of the stock holders, I can bet, have less than 3 million shares.
There are other companies that have more than 3 billion shares and are trading for pennies and more. There should be no issue, currently, with the share structure. Maybe months and months from now I could see it, but still cant see the benefit.
If a buyback was to occur, the biggest question would be, where are the funds for the buyback coming from? If anymore dilution occurs, since we should need to dilute, we'd be screwed as far as the PPS.
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