InvestorsHub Logo
Followers 26
Posts 1237
Boards Moderated 0
Alias Born 06/30/2015

Re: fatmike post# 33166

Tuesday, 12/15/2015 5:23:12 PM

Tuesday, December 15, 2015 5:23:12 PM

Post# of 127563
My concern is this: where are the funds coming from to retire the shares? The company has to buy them from the owners of the common stock. Right now it seems like it would be a difficult time to buy back shares just when the company is starting out. Tom needs all his resources to fund his various projects. I think he's going to have to wait until after Q2 2016 before considering that. He could come out with a PR this week that says they're planning on share retirement in the future, possibly Q1 or Q2, to somewhat address the concerns of some on this board. Would be a tactical move on his part. Whatever the case, the AS will stay the same because any retired shares come out of the issued and are returned as it were to the authorized. So if the authorized is 9.8 billion, it's still 9.8 billion after the share retirement. There are just less issued and/or outstanding.