Rodman - A buyback reduces the number of outstanding shares thereby increasing share value to share holders while increasing their percentage of ownership. This is far better then the alternative, a reverse split, and is in the best interest of the company and its shareholders.
Hemp Inc did a 1 for 10 reverse split back on July 31st, 2015. This brought the share price up to .43 cents a share while reducing outstanding shares. However, investors sold millions of shares causing the share price to drop significantly to single digit pennies again. It was catastrophic and cost allot of investors a ton of money...including myself. While this did reduce the numbers of shares, it was only temporary as shares were/are heavily liquidated in exchange for services. This reverse was not successful because there was no revenue...no product to sell.
Attempting such a reverse again would cause irreversible damaging impact. I think/HOPE the company knows that.
On the positive side, Hemp Inc has been working hard to build their business, plant operation and a farming infrastructure to support the business. Expectations are high that positive revenue will begin rolling in around the end of this year...possibly sooner with the high interest and possible contract for purchasing of 900lb LCM sacks. Interested parties could easily purchase all 18 million pounds of on hand inventory of kenaf. Hemp Inc is working to build a sustainable inventory supply for its prospective interested customers that are currently purchasing millions of pounds of product weekly from overseas.
While this revenue will help increase the share price, it won't be enough. The revenue must be put towards the buyback and the ongoing liquidation of shares must stop. Only then will the companies increased market value attract the interest of institutional investors. That will be dollar land for the share price.
We are also very close to having a CBD product line and the main decortication line is close to being brought online.
Hope that helps. Good luck to ya.