Investman welcome to the Board. As usual, your observations are relevant and worthy of consideration.
Here are some things that you may or may not be aware.
1. The company received a 1.5 million dollar loan from Dr. Michael Corrado, an infectious disease expert.
2. This money is sufficient to fund all projects presently underway by the Company. These projects include; a soil remediation facility in Alabama., with several Alabama townships as partners in the operaton, efficacy testing of the company's IMS1000 product in cooling towers, the obtaining of EPA approval for IMS1000 usage within the US, efficacy testing of IMS1000 product with respect to agriculture and livestock, marketing and prototype refinement of the GECO water carts, and certain other segments that the company has not heretofore made public.
3. The announcement of the buy-back IMO is the company's message to the public that revenues/profits are imminent. I do not regard the buy-back as an attempt to drive up the stock price as you do, rather, IMO the buy-back is the company deciding to restock the treasury of the company with shares that will never again be a penny.
4. The treasury shares that will be purchased can be used to compensate the company's experts on its newly assembled Advisory Committee. These are individuals that will consult with the company regarding highly scientific and technical matters. These experts are essential to the company's future and the development of its product line. If the company can grab 5 or 6 million shares of cheap stock this will be sufficient to compensate the options compensation of the Advisory Committee for years. The company will have effectively reduced their expense for the receipt of expert advice and consultation from industry experts to less than $100,000. The company, no doubt, views that as a bargain, and I do too. (Also, remember that these experts receive no salary, they are compensated solely by the award of option shares. If they believed the company's future gets no better than it is today, they will have effectively served for free. The only was they financially benefit from lending their reputations and expertise to the company, is if the company's stock is presently way undervalued)
5. There will be no need to obtain additional private funding, so there should be no need to issue additional shares to pay operating expenses. In fact, once the townships receive their federal/state green money, many of the expenses already paid by the company to prepare the Alabama site for fertilizer production, will be reimbursed to the company.
