I have a hang up with your scenario. While I think there may be some truth, the problem is the current share price.
Let me explain. I understand that the company has "proven" it has millions of dollars in cash on hand.
Lets simply take one million dollars. At today's share price, you could buy 1,000,000/.0016 = 625 MILLION Shares.
Now, I understand that you can't buy that many shares at that price. So lets say you try to buy back 500 million shares at an average of .003. That would take 1.5 million.
If everything they say is absolute truth, then look at all the equity they can put into the company by purchasing these cheap shares today.
They would perhaps say that there is wicked short selling going on and they don't want to purchase "bogus" shares. I would say, then it's OK for us to purchase bogus shares? Bottom line is, they would need to pull the certificates and reduce the float just as we are doing. Which would ultimately force a short cover and the pps would rise.
This my friend is what keeps me awake at night. This is where the rubber meets the road. This is what smells of scam. I personally like MT and the company. I have sent certs in, I have PDRs, I have a written gurantee, but honestly, this is the part that doesn't add up.
If they truly believed in what they are saying, then it makes perfect sense to purchase the shares back, increase the equity in the stock, and put an end to all this NSS talk.
Instead, they ask us individual share holders to trust.
If I'm wrong, it makes no difference what I say. I'm already in as far as I'm willing to go, until I see some sensible things start happening.
AI
