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Re: Prophetic10 post# 12335

Wednesday, 04/27/2011 11:03:56 AM

Wednesday, April 27, 2011 11:03:56 AM

Post# of 52845
Prophetic, i don't recall a PR stating a goal of a buy back.
The only mention of buy back is in the reply(jan 2011) 12thman got from Greenshift. Here is an excerpt:


2 - Share Structure

Our view is that transitioning to profitability and thereafter demonstrating increasing earnings will enable meaningful value to be built for all of our shareholders; and that repaying all of our convertible debt will eliminate overhang and obstruction to that growth. Our plan is to simplify our share structure in conjunction with satisfaction of these goals, and to remain keenly focused on minimizing dilution as much as possible until then. While a share buyback may be feasible at some point given the significant economies of scale associated with licensing, any talk of specific structural issues would be premature today.