Hemp Inc (HEMP)

[worldisfullofDerps]

One billion share buy back!

Hemp has 18 million lbs of kenaf, which is being priced between $2-4/lb. There is expected to be additives in the final LCM product, which means the base weight of kenaf will stretch when mixed with other ingredients. Since we don't know the weight of those additives, we'll assume the weight is raw kenaf. Even still, potential revenue projections average at nearly $50 million at $3/lb.

As announced today, Hemp intends to use 10-50% of sales to buy back shares, in an effort to lower the OS. On the upper bound, if hemp were to use 50% of revenues to buy back shares, at today's close of $0.0235, Hemp Inc would be buying back 1,063,829,787.234 shares.