Friday, August 22, 2014 2:34:35 PM
Quote:
We have had many questions about share reduction and share buybacks. Our business plan calls for the use of a portion of profits to buy back shares and reduce our outstanding shares. We have to balance this use of proceeds with other needs of cash including upcoming mergers and acquisitions, and when it makes sense we intend to reduce our outstanding shares as much as possible. With that being said, we have to issue shares from time to time, including issuing shares as part of strategic mergers and acquisitions, and in attracting world class executives and key employees that bring incredible value to our team. We also must fulfill our obligations under employment agreements, and allow for employees to purchase shares under our employee stock option plan, giving our employees added incentive to build company value. Ultimately, our goal is to reduce overhead and build as much value as possible in NanoTech so that we all share in the success and growth of the company
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