ANAS - on SOCR that also involved Ray Barton - this is what they did - or said they would do:
Solpower announces a significant reduction of outstanding shares
Solpower Corp. (PC) (USOTC:SOCR)
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2 Months : From Mar 2014 to May 2014
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POMPANO BEACH, Fla., March 7, 2014 /PRNewswire/ -- Solpower Corporation (OTCPink:SOCR) today announced that it has reduced the number of outstanding shares dramatically as the company refines its share structure and prepares for the release of it's virtual currency merchant system.
The reduction of shares from well over a hundred million shares outstanding to just above seventy million shares was accomplished as part of a re-shuffling of securities meant to maximize the company's value and get some house cleaning left over from previous management done once and for all.
Since the company did not shown significant volume in the past several years, many certificates that were issued to former officers or partners have been sitting on a shelf collecting dust. As a result of the recently renewed interest in the company, these old restricted certificates have been submitted for the removal of their restrictive legends and a few agreements for issuances never honored by former management have also resurfaced. As a result, the float, thus far kept very small, will increase in size a bit, but only to a small fraction of the outstanding shares. The majority of outstanding shares are held by insiders, and are therefore limited in how they can impact the future public float of the company. This adds a level of comfort to shareholders because insiders must report proposed sales of any securities and are also limited to how much they can sell. The changes are expected to be updated on the OTCMarket within the next day or so.
Company CEO Charles Nienstedt explained, "I have assured shareholders from the start that I had no intention to dilute the current structure, and I have held true to that statement. The increases we are seeing are an unintended, and unavoidable result of our growing popularity and success. However, I think the tremendous decrease in the number of outstanding shares shows a commitment to the shareholders that we are not interested in anything but creating and building a great company, and substantial shareholder value."
Aside from the internal advances, the company is making product advances as well. Virtual currency is quickly growing in popularity, and Bitcoin is leading the way. Solpower, whose name will soon be changed officially to Bitcoin Collect, is leading the way with its newest software system that will make Solpower a full service bitcoin banking institution. Consumers will be able to create bitcoin wallets, buy and sell bitcoin, and retailers will be able to accept bitcoin as payment in a secure and turnkey environment. The company also has some exciting and incredible advances under development. Some things being looked at are bitcoin debit cards, actual physical bitcoin, and other innovations the company is considering for rapid development and a grab for this new market share.
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And of course the MDIN share buyback stuff:
Feb 27, 2013
OTC Disclosure & News Service
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Northstar announces aggressive share buy-back and cancellation program to reduce outstanding securities by up to 200 million shares.
PR Newswire
HOLBROOK, N.Y., Feb. 27, 2013
HOLBROOK, N.Y., Feb. 27, 2013 /PRNewswire/ -- Northstar Global Business Services, Inc. Symbol (OTCPink: MDIN), today announced that it has started implementing an aggressive strategy to tighten up its share structure and decrease its outstanding shares by a minimum of one hundred million shares, and a maximum of two hundred million shares. The decrease will take place through a combination of share purchases in the open market, and cancellation of certificates currently issued but not yet deposited. By doing this, the company hopes to aid in the increase of its share price to levels that better represent the success of the company.
Northstar's CEO, Nicholas Chieco explained, "It's truly ridiculous for us to be trading at these prices considering how much we have accomplished, so by buying back as much as a hundred million shares in the open market, we can eliminate any dilution caused by old restricted stock certificates that have become free trading in the past six months, and then some. By making deals to cancel another hundred million restricted shares that are out there, we can avoid that dilution from ever happening again." The company plans to acquire shares in the open market up to a price of about ten cents, or a hundred million shares which ever comes first.
Once purchased and in the treasury, the company will cancel most of the shares, keeping only a small amount, about a quarter of them, available should the company need to fund inventory or equipment purchases in the future. "It's just smart business to keep some shares in the treasury. Registrations are time consuming and costly, so having some shares set aside assures us that if we run short of capital for any reason, that we have the collateral to secure investor funding. It's basically insurance so that we don't miss out on any unexpected opportunities in the future," Mr. Chieco added.
In addition to the share purchase, the company has struck a deal to cancel another 100 million shares in restricted equities. Overall the plan should decrease the company's outstanding securities by about 200 million shares and chop the public float almost in half. The company makes it clear that the goal is not only to build a tremendously profitable business, but to continue finding ways to decrease the number of shares in circulation, with the goal of having Northstar in a position to move to a higher market sooner rather than later. Northstar assures shareholders that it will continue along this path, and has only just begun finding creative ways to increase shareholder
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When ANAS (Ray Barton also)announced today :
"I was very hesitant about setting up a share re-purchase program because it seems like every pink sheet company with a large number of outstanding shares says the same thing, but in our case, we actually do what we say we will, and we have the ability to do it without raising more money, so it only makes sense."
Maybe he meant like every other one of his pinkies that did exactly that!
May 06, 2014
OTC Disclosure & News Service
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Alternaturals announces plans to refine its share structure using several methods including a share buyback program
PR Newswire
GRANDVILLE, Mich., May 6, 2014
GRANDVILLE, Mich., May 6, 2014 /PRNewswire/ -- Alternaturals, Inc. (OTCPink : ANAS) today announced that it has plans to begin buying back shares in the open market in order to increase shareholder value and position the company as either a favorable acquisition target, or for listing on a reporting market in the future. However, senior management vows not to reverse split the company.
"We decided right from the start not to reverse split the company because it would hurt the existing shareholders who purchased equity under the previous business model," said the company CEO, Emmanuel Gyamfi, who went on to say, "For that reason, we have to be diligent about using a more organic share reduction strategy, I was very hesitant about setting up a share re-purchase program because it seems like every pink sheet company with a large number of outstanding shares says the same thing, but in our case, we actually do what we say we will, and we have the ability to do it without raising more money, so it only makes sense."
including buying back as many shares as we can in the open market and cancelling them completely.
The company wants to make sure that the share structure is attractive to larger firms looking for an acquisition, in the event that becomes the best route to take. The company also wants to be ready for listing on a fully reporting market by the end of the year as a longer-term plan. Since the venture has only recently been launched in the public market, that end game could go either way, and senior management has planned for several strategies since the beginning. The company made sure there was enough initial investment on the table to acquire shares in the market without having to do secondary funding, at least until the company was in a position to turn away any types of money that would be detrimental to the company's short and long-term value. Alternaturals has no plans to acquire more debt or do any "shortcut financing", so share structure was one of the first concerns when putting the original deal together.
Company CEO, Mr. Gyamfi wants the shareholders to know that while building the business is his top priority, he is also very sensitive to the needs of the shareholders, and always looks for ways to increase their value without slowing down progress. In addition to the many business strategies being implemented, PR is one in which a long-term plan and schedule is already in motion.
