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Thursday, September 22, 2022 12:24:00 PM
This change will only leave a small amount of common stock unissued, but more than enough for the Company to make the necessary acquisitions that are now being negotiated.
With the subsequent equity cancellations, it made available the shares necessary to purchase the equipment lines with no cash outlay. The company has already been paying down what little Long Term debt they have and with the revenue increase anticipated they could take that debt to zero rather quickly. After that the excess cash can be used for further expansion or as mentioned a share buyback program.
All the best,
Knife
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