Share buy-back scenariosEveryone here knows that these shares are WAY under valued.
It's an absolute joke...Ill get into that later.
If the company is successful in its buy back of shares it will own (4,500 shares short of) half of the companies issued shares....non fully diluted....and I imagine MORE than half on a fully diluted basis.
This has potentially serious conscequences.....because;
1) being public (with this valuation) has no benefit to the company now.
2) Better to be private.
3) Once they own half they can do what is best for them as the majority shareholders.
I WONDER WHAT THAT IS,
THOUGHTS PLEASE