Wednesday, July 23, 2008 12:14:57 PM
$10,000,000 to use for the buy back
480,000,000 free trading shares
If they plan to use all of the 10 million to buy back, they would still be able to buy back all of the free trading shares EVEN if the price was at .02
$10,000,000/480,000,000 shares = .02 and change
Since they obviously wont buy all of the free trading shares they would have tons of money left if they only bought half.
If they bought $10,000,000 of any stock at the price of .006, they would be able to buy 1666666667 shares. This is ridiculous!
For example, say they buy half of the free trading shares
$10,000,000/240,000,000 shares = .04 and change
So you see, they will buy back the shares and could buy back half of the free trading shares EVEN IF the share price is at .04 with the $10,000,000 that they have to use.
This baby is gonna go nice and high. You guys better get some now as I have suggested before.
Please correct me if I am wrong!
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