InvestorsHub Logo
Followers 733
Posts 75311
Boards Moderated 0
Alias Born 01/01/2012

Re: capgainsmonster post# 252121

Wednesday, 11/09/2016 9:07:17 AM

Wednesday, November 09, 2016 9:07:17 AM

Post# of 263666
Ross did the exact same thing with NGCG - he loves to try and pump using the returning shares to the treasury storyline.

It gives me great pleasure to share our first steps in cementing our plan as we start the 2016-year. Currently we are in the process of returning over 375,000,000 (three hundred seventy-five million) executive shares to treasury.As many of you know, these shares would become available this month. NGCG feels it's in our best interest to stabilize our company foundation and rebuild our credibility with our shareholders and customers. In addition to returning shares to treasury, we will lower the authorized to 600,000,000 (six hundred million) from the current 750,000,000 (seven hundred fifty million).

And compare that to the GRCU press release.

GRCU) is pleased to announce today the return of 300,000,000 (Three-Hundred Million) shares back to treasury. This decision was an easy one to make as InStep Holdings LLC, who is the controlling entity, felt it was in the best interest of the shareholders as well as the company to return the majority of their common holding. The goal is to keep a low and respectable share structure, and the best way of doing that is to maintain a low Issued & Outstanding, which GRCU has achieved today. 300,000,000 shares represented nearly 50% of the shares previously outstanding. By returning the shares to treasury, it creates only positive effects on the current shareholders and the stability of the company.
Currently, the share structure is 800,000,000 (Eight-Hundred Million) Authorized and 338,716,015 (Three Hundred Thirty-Eight Million Seven Hundred Sixteen Thousand Fifteen) Issued & Outstanding.

It is just rinse and repeat with Ross.

IG

"Are you gonna pull those pistols or whistle Dixie?"