Replies to post #80723 on Hemp Inc (HEMP)

[Panzer]

How is a share buyback even considered right now when there are no sales, profits to first cover current expenses, to cover future expansion costs (if this was even a real business) and when they are selling on average 7M shares daily?

Please explain

[Spanky]

They may be able to get some revenue, but to buy back shares? They have a burn rate of $86,000 per day. Per day! They don't even have the plant running or have a sales staff to financially support. That means they need operating profits of at least $25,000,000 to show a net profit. Then the $millions of debt and growth, where will the money come from? Do they stop investing in growth to buy back shares? Bruce would just reverse it like in the past.