Lou lets say someone calls the transfer agent and finds out over 7.7 billion shares are outstanding, as was done a week or so ago. With the continued dumping probably all of the AS is out. That makes 8billion shares. Wishful thinking, and pranky math will not change that fact, buy back won't affect it much either. Get real!
The only solution to the share structure dilemma is Reverse Split.
10 to 1 bring the share count to 800million and leave the authorized at 8bil so the company can continue to dilute as has been the business plan here since inception.
Mealy-mouthing about the marijuana software is a waste of time too. It may be of some use to the company but the software has already been written by other companies too. Big deal! Even if they were to sell a copy to someone it wouldn't begin to touch the bottom line.
Same with the one true revenue producer here. $300k a year for bong sales equates to $75k per quarter. Cost of sales and salaries will eat that away every quarter.
The pot shops are a joke. Even if the company had money to build one, it would be years before it ever started to pay for itself.
And how will a pot shop in Texas sell any dope? It's illegal there.
The only possible money-making scheme is marijuana growing, and from what Luther has said about that it looks like LuxHold will only get a small percentage of that! According to Luther's projections it will take 200 grow ops to make his $200mil projection.
8billion shares out now, that makes for a $8mil company that does nothing but place gimpy posts on facebook and make press releases.
The business plan here is STILL, SELL SHARES BY THE BILLIONS to those able to suspend reality long enough to press their mouse button and buy into the dream.
They're SELLING DREAMS, not dope!
Thoughts?
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