Here's a little info on what "debt being paid off" means...,,
ALL the notes that were out have been converted to shares or paid off with cash.
This means that there are no notes left one way or the other and it makes sense then that the company would be confident in dropping the AS in that case because they would KNOW how many available shares they needed since the notes don't exist.
BUT it doesn't mean that those shares have or had been sold into the market at the time of that press being released, only that the note holders had swapped their debt notes for shares.
Now cash on hand last filing doesn't account for product on hand or rather inventory that has been turned into cash from sales nor does it account for future inventory from that point that has been bottled and sold. Been several months since the last financial so much has occurred as far as sales.
Now not one single word stated the buy back had started. In fact it stated company would be buying back 500 million to a billion shares staring in early 2015 and retiring what they buy monthly and reporting monthly on those numbers to shareholders. This makes plenty of sense since this is scheduled for AFTER the "multi multi million" news on the 24th at 8:30 AM.
No way to know just yet how close this is to having zero shares available from the last of the converted notes, but one thing is for sure and that's that the company used these note selling techniques to fund operations UNTIL they felt they were able to make it on their own with funding coming from revenues on products.
There is no need for further "credit" so they reduced the AS.
They now will start to "pay off the credit card" so to say by using some of the future profits as they come in, to buy shares from the float and retire them permanently.
This is how it works when a company gets past start up and moves into the profitability point.
But again, debt being gone doesn't mean all those shares converted have yet to enter the float. Just means they all are converted now or paid off.
However we have churned through a major share total in volume the past couple weeks so gotta think these converted notes are close to being done or done.
Oh and sure a few billion shares cycled through were dilution and shares flipping back and forth.....
But PPS is still UP 400% from where it was before this started.
And we still have an 8k we are waiting on, Apple Juice launch, "random" unexpected news is possible, and the news announced that is due on the 24th at 8:30 AM.
So buy, sell, hold, or any combination of the three because in the end the PPS should go up steadily soon enough - harder to flip for 25-100% gains when a PPS exits trips and is why stocks move quick through double zero.
$PLKD
