Hollund Industrial Marine Inc. (HIMR)

[Det_Robert_Thorne]

They have no cash, so no buyback.

They have $7K cash, issued 4B shares in 2Q/14 to pay debt, owe HEMP $215K in unpaid consulting fees for 2Q and are due to pay a similar amount for 3Q.

A buyback is impossible, and in fact, if they're going to pay Hemp, Inc, they will have to issue shares, either 2B or 4B, depending on whether or not the "pay date" is considered to be one of the days in 2Q when HIMR was at $0.0002, or at $0.0001, which it's been for most of 3Q.

Since HIMR is within 1M shares of the Authorized Shares limit of 25B, they either have to increase the number of AS to say, 50B, or in what would be a more logical move, do a reverse split.

The stock is basically no-bid right now, so paying HEMP more shares at $0.00005 (50% of $0.0001) means rapid and huge continued increases in the outstanding shares for not much cash in return.

Right now, if they tried to get $2M in cash to build a TigerLynk, it would cost them 20B shares.

Either way, it's dilution for current shareholders, unless they start pulling logs out of the lake.