Nonsense as usual! Capital is raised to invest in assets that will be used to create profits for a business. Using the money to buy back stock is a just a ploy to take investors eyes off the constant decline in share value because of poor performance. It has a temporary good feeling affect on the shareholders who have already been subjected to a reverse split. Look how the share price declined after that reverse split! The reverse split resulted in less shares but still didn't benefit the shareholders one bit! The stock value declines only because of constant losses. If the capital was invested properly the company could have been doing great. It again is starting over but at a time when the competition is outperforming them. They do not yet have the proposed capital to make the stock buyback and if the share price does go up it only reduces the # of shares that could be repurchased. Do the math. If in the end the company still fails to earn a net profit and continues to rack up losses the share value will once again sink!. Short term good feel effect will be gone and there will not be the capital left to keep the company going. For Golden Leaf Holdings the future is being built on sound economic investment principles. I am not concerned about the # of outstanding shares and I am sure that net profits win out over having a share problem.
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