Thursday, July 03, 2014 12:53:36 PM
Trying to connect some dots...try to follow if you want...constructive criticism and ideas welcomed too?
May be that I am reading into it too much, but from what i discern, they either are, have been, or are continuing to buy back stock in the open market. From reading the Tweets, PRs, 10K, Letters, etc...it appears that they had some money in hand prior to becoming ANAS. They were 150K in debt and that debt was bought out by Eastlight Enterprises and Globe Idol Capital...who took $75K each. Then on January 15, 2014 another 10K was borrowed from each of the debt companies...making a total debt of $170K. I am sure some of that went into purchasing Alternaturals, INC, and probably some into Manufacturing and production costs...didn't find that out in my reading?
However, in just about every Tweet/PR, Manny states that they have the Money and the Means to start buying back. On the May 22nd PR, they stated "Plan to start Sometime Next Week"...to me, that means that they planned to start...not started. Maybe that is when they first looked into how to buy back on the open market? May 22nd is also the day we hit 256 Million shares traded... Since then, we have averaged around 15-25 Million give or take...for numbers sake I will say 20 Million average.
With the strict regulations on buying back shares on the open market, no more than 25% of the average trade can be bought back at a time. What I am unsure about is whether that is the average for the Month, Week, Day, or trading cycle? But either way...25% or 20 Million shares is only 5 Million shares per day...again Average.
Since they said next week...lets assume the 29th...7 days later. We have had exactly 25 trading days including the 29th of May.
25 Days...Times 5 Mil per day...Equals...125 Million shares possibly bought back and Canceled/Retired. Probably not going to make a differnece in the PPS considering there are 2.4Billion Issued and Outstanding.
Now if they get to the 1/3rd total...eventually, it may make a difference because they will take more than 600 Million from the Issued and outstanding.
But as mentioned it will take as long or as short as necessary...and without taking on more debt...they will have to count on revenue from sales to make this happen. Revenue and the Total Traded volume to increase.
Sure the Lower PPS is more attractive to buy back shares, but with lower volumes, they can only buy back smaller blocks. So, it is a catch 22 in the process....AS LONG OR SHORT AS IT TAKES???
I don't think Manny or Chris want this PPS to keep shrinking either...especially when they themselves are "Share Holders".
Just be patient and wait for the 10Q to come out by mid August to get an update on the numbers...Who knows, we may get that explosive PR before then too?
In My Honest Opinion Of Course!
Long ANAS!
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM