I think its a bit premature for a buyback. Althoug
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Posted On: 12/09/2018 6:44:18 PM
Re: jamiejaytrader #9589
I think its a bit premature for a buyback. Although Rory has done so in his past company I believe any capital raised will be directed towards growth; the first acquisition, subsequent acquisitions and market dominance. Once we are making good money then Rory will implement a buyback program.
If we get the stock to 1-2 dollars then do a 1:5 RS. That would bring our shares outstanding to 40 mil. with a share price of 5-10 dollars. Then add in another 2-5 million for the capital raise and we will be sitting on maybe 45 million shares outstanding. Then consider how tight the float would be and how easy it would be to move the stock higher.
If we get the stock to 1-2 dollars then do a 1:5 RS. That would bring our shares outstanding to 40 mil. with a share price of 5-10 dollars. Then add in another 2-5 million for the capital raise and we will be sitting on maybe 45 million shares outstanding. Then consider how tight the float would be and how easy it would be to move the stock higher.
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