Industrial Nanotech Inc (INTK)

[Neverhadawinner]

I just listened to the youtube playback.

I came away with there NOT BEING a reverse split period. He spoke about share buybacks in 2023 to reduce the number of OS shares in a way to qualify for NYSE/NASDAQ.

He explained the reason for the stock dividend because they will sell stock to raise cash. He wants the current stockholders to retain their current ownership ratio they hold now.

Therefore, I estimate they will sell about 6.7% of 3 billion shares (200,000,000 shares) using private placements and not open market operations. 200,000,000 shares at +/- $0.02 would provide at least $4-5 million in cash. That sounds about what they need this year to advance the production and sales of these products.

The big item I heard was no reverse split. If you think about it, earning of $10 million would allow a buyback of around 1/2 a billion shares at today's prices. If you conduct this effort over 18 months, your OS could go from 3 billion to 2 billion. All without impacting our net holdings.

Hoping it works!