US Precious Metals (fka USPR)

[Alex17]

Do you expect any buyback from the company as soon as the deal is completed? The company owes the JV group 10mil shares as part of the deal. As of now the difference between the float and outstanding shares is roughly 13mil. It is not a smart idea for the company to issue that much amount of shares from the 13mil they have left nor it is not a good decision to buyback after the stock takes off sky high. I'm trying to think of how they are planing to use this opportunity to maximize the value of the company.

I don't have a deeper understanding of how SEC regulations will prohibit the company from announcing a buyback along with the news for the completion of the deal. Any thoughts?