Franklin Mining, Inc. (FMNJ)

[imanjen13]

The possibility of a buy back is extremely remote since their is inadequate funding until tailings commence. I believe the announcement was a ploy and underlying message to shareholders that they are not considering the dreaded reverse split to reduce shares.The main problem with the buyback idea is that it is a catch 22 situation. When the company has funds to buy back, the price will be much higher and therefore too costly. When the price is low ,such as now, they have no money.