True, but no debt on the books and no conversions in the future. Share buyback will be done later with proceeds from MJCoin. So the SS isn't even a consideration in the DD for this one.
The shares to be bought back are not going to be retired - they are going into a fund that we will benefit from - as the fund increases in value, so will NSAV...and our shares. As far as I know, the purchased back shares will not actually be tradable, so the float will shrink. Not all details have been made public yet...
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