Bigdogs....your observation may very well be correct....that's not the point....(and, it's almost silly to try and make a point because this argument is one which we can beat to death forever)....
my thought is that a buy-back is like peeing in the ocean....total waste of money....only good for hype in the absence of sunbstance.....
here's why.....
do the math (and, don't nit-pick the minutia).....this is just an overview...
1) this is thought to be a venture which will form a $350 million dollar company....let's use $350 as the anticipated corp value.
2) the recent report confirms the O/s at 806+ million shares....restricted, tradable, whatever....the O/s is the important number.....let use 800 million to make the estimate easy....
3) A $350 million dollar company with 800 million shares O/s will be worth approx 44 cents a share...
4) if QASP buys back 20%, that will move the O/s down to 640 and the PPS up to about 55 cents/sh.
Soooo, where are we going? Dean will have wasted the buy-back money to "go nowhere".....he didn't make enough of an impact to uplist.....and, if any resulting synergism is put into the mix....don't tell me that will push a 55 cent stock to over a buck (almost doubling the PPS from a 20% buy-back....never happen)....
Long and short.....Dean has done too much damage already.....if he wants to uplist, he's forced to reverse.....
and, i haven't even mentioned that pesky last line on the statement of income which reads: earning per share fully diluted....then, we're looking at literally BILLIONS of shares....
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