APT Systems Inc (APTY)

[crazy horse 0]

Excellent 8-K Cancellation of 15,000,000 Shares of Common Stock

And the Company has repurchased 886,749 shares, at an average price of $0.01122 per share.


Quote
ITEM 8.01 OTHER EVENTS.



Surrender and Cancellation of 15,000,000 Shares of Common Stock by Glenda Dowie, CEO



On November 8, 2017, the Board of Directors approved the surrender and cancellation of 15,000,000 shares of common stock by Glenda Dowie, the Company’s CEO. This will reduce the Company’s issued and outstanding shares of common stock by 15,000,000 shares as soon as the Company’s stock transfer agent processes this corporate action. Ms. Dowie will still control the Company based on her remaining holdings of common and preferred stock.



Results to Date of Share Buyback Program



On October 3, 2017, the Company announced its plans to implement a common stock buyback program, with up to 25,000,000 shares to be repurchased on or before January 31, 2018. Through November 8, 2017, the Company has repurchased 886,749 shares, at an average price of $0.01122 per share.