Nexus Energy Services Inc (IBGR)

[EarnestDD]

It was the Outstanding that WAS to be reduced. No proof of that yet however.
Sometimes the Authorized is reduced as well, but I believe PHAR indicated only a reduction in the Outstanding.
jmo

PharmStar Outstanding Common Stock Reduced by 50%

WILSON, NC, Oct 17, 2011
The "rollback" means that the Company's Chairman and CEO, Howard Phykitt, has canceled and returned 535 million shares of his total holdings of the common stock of PharmStar Pharmaceuticals to the Company's treasury.