You can look at it various ways. Currently, 179mil OS/499mil AS. Only 36% of AS distributed. Now they want to decrease this to 79mil OS/250mil or 40%. The % distributed is not significant and makes no difference. Want makes the difference in the long haul is revenue over expenses. If for example revenue exceeds expenses by 1mil, earning per share prior to buy back is .056 vs .126 after buy back. If you place the Price to Earnings times 10 you get $.56 PPS vs $1.26 PPS. For NTEK to buy back 100 mil shares at the current price requires only $200,000. If they are projecting enough profit to generate sufficient profit to purchase 100mil shares at an ever increasing PPS they are looking at huge revenue and earnings. Of course it could take years for the 100mil to be bought back. But the real question is can they generate that type of revenue and earnings. To date they have not.
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