iSmellCrickets...I find it interesting that you would elaborate on futuristic happenings with your statement "There is an almost certainty if you look at the share structure, this ticker will do two things in the next 3-6 months."
One is a reverse split and the other is the PPS must drop below .0120 , between the range of .008 - .0110
Also, you stated "still watching Uruguay for induction of country wide legalization, (which I believe has passed) while previously stated contracts for Zazzz machines by the governing body should still be in play. If this moves forward it's a game changer for ERBB, and a buyback program could be in discussion."
One wonders what kind of percentage of pink/penny stock companies, when wrestling with the decision as to how to shrink a bloated OS of 3.85 BILLION, and a float of 3.2 BILLION shares, would choose to buy back the huge number of shares over a R/S...which would cost AG tens of millions of dollars.
As a general rule in these small companies that have used convertible debentures to keep their fledgling companies afloat in the early stages, I would think that the choice of a R/S has won out almost 100% of the time.
If there truly are 57,000 investors in ERBB, then, I would think that not a single one would vote to R/S over a stock buy back plan. Several experienced and respected shareholders in this forum have mentioned that ERBB presently has very few options when it comes to reducing the extremely bloated OS/float other than the R/S.
A little sidebar here...ever wonder why that 180 million share buy back has not occurred yet?...and why it was not mentioned in the recently released financials?
From a common sense viewpoint, a logical business decision of growth basically comes down to a decision whether AG is willing, and financially able, to spend $20 million - $40 million dollars to buy back and retire a couple billion shares...OR, do they take the road most traveled..the greedy route...the unloyal to shareholders route...the screw loyal shareholders route...and R/S? Hmmmm
I would think that shareholders should be a bit concerned about your observations/statements, due to your credibility on this board, your heavy investment in ERBB, and your closeness and respect for the management of ERBB, their business plan, and future projected direction of the company. Yet, your post drew NO discussion, and appeared to fly right over most of our heads...
In defense of a possible buy-back plan...it certainly helps if the PPS is at a very low position. I do hope that the management of AG will take the road less traveled...and buy back those mis-managed and/or mis-used shares...
I own a very small amount of shares compared with some with millions of shares, but, a R/S certainly would leave a bad taste in my mouth...as it has with previous penny stocks that I owned that took the R/S route... AJMHO, of course, FWIW
Thank you for your knowledge, wisdom, and experience...and your willingness to share with those of us that are less experienced...
Shares Outstanding: 3,851,572,678 a/o Mar 31, 2014
Float: 3,191,885,389
Authorized Shares: 4,750,000,000
