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Sunday, December 07, 2014 5:58:44 PM
market cap @1.7 mill
The Company anticipates adopting a stock trading plan (the "Plan") established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "1934 Act"). Rule 10b5-1 allows companies to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. The Company also anticipates that purchases under the Plan will be made in the open market, through block trades, or otherwise, and will be made in compliance with Rule 10b-18 under the Securities and Exchange Act of 1934. The actual amount of shares purchased will be based on 10% of the sales of our apple juice and water products through our online store. The Company expects the Plan to last for a period from January 1, 2015 until December 31, 2015. While the Company is not under any obligation to repurchase shares under this program, we are excited about this buy-back program and believe that it will enhance the value of the company to our shareholders.
"We believe this is a win-win for the company and its shareholders. The Company's newly launched apple juice, together with its water product, have the cash generation capabilities and substantial growth prospects to allow for a stock buy-back program. As we continue to invest in new business growth opportunities we believe the repurchase of our stock represents another attractive investment opportunity for us at this time," said Robert Rico, CEO of Pleasant Kids Inc. We are pleased as we have lowered our debt and paid off the convertible notes to Asher, Redwood, and JMJ Financial and will soon be finished with all of our convertible debt. We are committed to the reduction of our outstanding shares and will be exploring additional ways to add to those reductions. We will post the results of our buyback on a monthly basis as well as our transfer agent report to show the progress of our efforts. It is our goal to achieve a substantial reduction in our outstanding share structure through our buyback efforts and bring value back to our shareholders. In addition, there will be no reverse split of our common stock in 2015.
Recent CUEN News
- Cuentas, Inc. Announces New Direction from Fintech to Digital Content & Product Distribution together with Mobile Data and Cellular offerings. • GlobeNewswire Inc. • 08/19/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:03:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2024 09:06:23 PM
- CUEN – Cuentas, Inc. Steps Up to Support 23 Million Households with New Programs Following Affordable Connectivity Program Termination • GlobeNewswire Inc. • 06/10/2024 12:26:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 04:09:15 PM
- CUEN – Cuentas, Inc. And World Mobile Group, Ltd. Unveil Global Roaming And Financial Services In The United States • GlobeNewswire Inc. • 06/04/2024 12:30:00 PM
- CUEN – Cuentas Announces Remarkable Q1 Performance with 898% Year-Over-Year Sales Surge and Strategic Transactions • GlobeNewswire Inc. • 05/21/2024 03:44:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:16:07 PM
- CUEN – Cuentas Releases Annual Financial Reports Reflecting Improved Business Transition Results, Revenues and Profitability • GlobeNewswire Inc. • 04/16/2024 03:10:09 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/15/2024 08:11:43 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 04/01/2024 08:36:46 PM
- CUEN – Unlocking Value: Cuentas, Inc. Sells Brooksville Real Estate for $7.2 Million, Unleashing Double Digit Profits and Rewards Founders Strategic Vision • GlobeNewswire Inc. • 03/14/2024 01:22:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/14/2024 01:00:10 PM
- CUEN – Cuentas, Inc. Unveils Fintech Offering Advancements, Spotlighting Rapid Expansion in Core Services and Products Tailored to Captivate the Thriving Hispanic Diaspora Market • GlobeNewswire Inc. • 03/13/2024 04:37:28 PM
- Correction: CUEN – Cuentas, Inc. Announces Financing Terms for Tampa Real Estate Venture Through Lender $3,000,000 Mortgage Extension • GlobeNewswire Inc. • 02/15/2024 03:23:35 PM
- CUEN – Cuentas, Inc. Announces Financing Terms for Tampa Real Estate Venture Through Lender $3,0000,000 Mortgage Extension • GlobeNewswire Inc. • 02/15/2024 02:30:00 PM
- CUEN – Cuentas, Inc. CEO Unveils Triumph in 2023: Unprecedented Shareholder Support in Proxy Vote and Shares Visionary Fiscal Year 2024 Plans • GlobeNewswire Inc. • 01/08/2024 03:13:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 10:06:33 PM
- CUEN – Cuentas, Inc. Reaffirms Its Dominance in Telecommunications, Financial Technology and Real Estate and Garners Unwavering Shareholder Backing at the Recent Annual General Meeting • GlobeNewswire Inc. • 12/21/2023 05:20:53 PM
- CUEN – Cuentas, Inc. Envisions Double Digit Growth in the Vibrant South Florida Real Estate Market, Anticipating Lower Interest Rates, and Strategically Leveraging Its 10-Year Supply Agreement of Pioneering Composite Building Technology. • GlobeNewswire Inc. • 12/20/2023 02:33:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 08:16:02 PM
- CUEN – Unleashes the Power of Shareholder Influence – Unveils Proxy Vote Link and Ignites a Call to Action • GlobeNewswire Inc. • 12/11/2023 03:16:15 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/06/2023 10:25:38 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/01/2023 05:15:18 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/30/2023 05:51:30 PM
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