There is also plans to do share reduction.
If I had a dollar for every OTC that I've heard that about, I'd have a fleet of brand new and classic Ferraris in my 20 car garage. Holy shit, are you kidding me?!!? Every damn day there's some CEO of some stinky pinky, with plans to either grow their business exponentially or pull off a grandiose reverse merger, has a share reduction plan that was 99% of the time completely made up by some shareholder or two because they're trying anything to move the SP up sooner than later (or never.) It's understandable that shareholders would so desperately want that to happen but in reality that phrase is completely laughable. Even when
a CEO genuinely expresses a desire for such an event to occur, dilution has already killed his stock to the point he needs to do a reverse split and/or he's like sooooooooooooo many OTC CEOs who simply do not know how to properly play the game in the OTC--they don't know how to keep a stock afloat by keeping interest up to bring in new buyers and/or their PR releases are fluff piece after fluff piece ultimately doing nothing for the stock as it may
go up a tick or two but if it does it only always comes right the F back down. Lotta factors already sink a stock before there's ever a chance for a share buyback because not enough CEOs in the OTC (saying this again) are brilliant enough to grow their company while also looking out for shareholder interests. They sit around doing god knows what while while watching volume dwindle and the stock price
slowly retreat so far back that it can never have the explosiveness that it once could when things were hot. It's a shame because a lot of companies actually have the goods but the managing of the company and
the stock is too much to handle and things never pan out to the point where the unbelievable PPS raising share buyback takes place. It's almost like a myth. In most people's minds it's really just a dream with no legitimate potential whatsoever. The share buyback--NEVER believe it until it's done and provable that it actually occurred.