OTCPK:SPLID - Post by User
Comment by
mrmonopolyon Oct 31, 2018 12:29pm
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Post# 28901918
RE:RE:RE:RE:RE:RE:RE:NEWS OUT!!
RE:RE:RE:RE:RE:RE:RE:NEWS OUT!! Lol great example picking a company with the last closing price at $0.02. Look how well that's worked for them. Real winner of a company you decided to do your DD on.
To further my point, if EAT were to carry out a similar option, to buy back 5% of outstanding shares, it would cost $3.2M at current levels. What a terrible waste of money to increase your valuation by 5%. They can increase their value way more than that by investing that within. Think of how much greehouse space $3.2M can get you, or more production equipment, or expansion of Calyx, etc...
The company you chose would spend 500k on their total option. Big difference.
letsridethis wrote: first weed company to buy back ! https://www.stockhouse.com/news/press-releases/2018/10/19/belgravia-capitalto-proceed-with-normal-course-issuer-bid do some more DD friend