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coopaloop21

02/19/13 9:31 PM

#31871 RE: coopaloop21 #31870

An open market repurchase once the last convertible note is converted and there's no more issuance of new O/S would be really kickass and feasible as well. Because that share price immediately after the last conversion/sell would likely be 0.0001/0.0002 or in the trips somewhere, then the buyback would be really cheap for mwwc. Let's assume for example that the pps is 0.0001 (as I'm fairly certain mwwc doesn't have to pay the ask for their own shares) and for example there are 3 billion O/S at the time. I'm not sure just how many shares could be bought from that but for example let's assume 2.9 billion shares are bought back.

2,900,000,000*0.0001=290,000...yep, only $290,000 for mwwc to fix its O/S. And likely they would even profit within months from their investment on the buyback because investors would be interested once again.

Variations of an actual buyback would occur depending on number of o/s and number that are bought back and the pps at the time. Something tells me tho that they could pull it off for under 1 million dollars. Even on an extended repurchase plan for all I care...

This beats the hell out of another r/s which would only piss off current investors and frighten potential ones.

Win win for all.