I agree with your line your line of thinking.....but, I don't think FITX will "buy-back"....that costs money....
this is a Pinkie.....an R/s would be more probable.....it costs nothing and allows them to start the dilution cycle over again......because they will need more and more money.....but, that's down the road.....
and, you're correct.....no way will this see $1 any time soon with this bloated share structure....
I would just hate to be someone sitting on millions of shares waiting and thinking they will make a killin'.....wow, IMO, they have a very rude awakening coming....