Thursday, February 23, 2017 7:51:13 PM
I get that it's good for a company to retire shares, especially a penny stock that has waaaay too many shares out there to begin with... but if the CEO is canceling 90% of the shares of his own managements ownership, wouldnt that mean he is no longer the controlling interest in ibrands? He said the other group owns 5 billion, and his group owned 5 billion, but now he is canceling 90% of his 5 billion, so wouldnt that put the other group in control?
Anyone who can help me understand here, would be much appreciated. I have never been part of a company who performed a retirement, so just hoping to learn some new info here.
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