robo, love you for all that you do but not worth t
Post# of 41413
o/s times PPS is your market cap. reverse math to equate pps valuations doesn't change anything on our end. We have the o/s and until we start making revenue, where BLTA can buy back shares, we are in this hole. plus if they do a buy back they have to retire the shares to decrease the o/s or it doesn't do anything to the O/S.
Hyopthetical (w/ real values though)
To buy 7b shares back now would only cost $9.8mm (at current pps) vs. say buying back 7b when this hits 25 cents (would cost 1.75b dollars). There is an art and a science to the process but needs to be tactfully done and of course would never be the 7b at a time (if we got a green light, and cargo could start with proving flights and a line of credit could be secured for 10+mm, the time would be then)....as the price starts to move it is more difficult for BLTA to buy back as the price drives up.
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