kubjo thanks for the follow! I try to take the time to give people actual answers instead of just giving them a one sentence response. So far people seem to like it, so I continue to do it.
The current float on MDIN's stock is 238,086,932 shares. Nick plans on buying back 100 million shares from the float. This would drop the float to 138,086,932 if he buys back exactly 100 million shares. Now, the company might buy less shares or they might buy more shares. In the last PR they said the plan is to buy back 100 million shares or until the stock hits 0.10, whichever comes first. This means that they could possibly buy back less than 100 million shares if the stock hits their target price.
But when I asked Ray today in an email, "What are you guys going to do if you buy back 100 million shares and the share price doesn't get up to the levels you want?" Ray told me that they have a certain amount of capital set aside that they will use to buy extra shares if needed. This has all been planned out. My guess is that they want this thing trading around 0.10 and will do whatever it takes to get it up there.
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