Rod once again I have to respectfully disagree with you...an established company with continous stream of income and cash surplus with a healthy outlook...may issue a buyback. But for a company that just starting to turn a new leaf and grow...using any available cash to buy back shares would be pretty foolish in my opinion...instead every single ounce needs to be reinvested into the company so that it can grow further and stronger...in the longer run that's when the investor like you an I will benefit the most...again a buyback within at least the next 5 years would be just foolish. Also IMO a reverse split won't happen until much later in the game...so a r/s should be the least of our worries at this time...
Some of investors that keep a constant look out for the o/s grinch everytime it increases because they miss the bigger picture...their forsight is for the immediate future n not for the long run..they start thinking r/s how much money the company needs to make to be at a certain pps blah blah blah all that is irrevelent....let the o/s increase...all that says is that things are happening...we are moving ahead. To make money you need to spent money...anyways let's not lose focus of the BIG picture here...with the funds agreement executed and construction soon to commence... by eoy I strongly doubt anyone will be crying over the o/s and TRUE longs will finaly prosper!! (I think it will happen sooner)
btw equity groups turned into a circus thanx to cash stang and a few others...stay away
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