Southern ITS International, Inc. (SITS)

[zoonall]

No your wrong...

filed with the Secretary of State of Nevada for the reduction of its authorized common shares from 500,000,000 to 250,000,000, thereby reducing its authorized common shares by half. SITS has also reduced is total issued shares from 188,217,382 to 168,217,382, which is a reduction of 20 million common shares.

The company is retiring these shares not buying them back!

SITS is still planning to start to buy back some of its float during the second and third quarters of this year.

.. The company is going to buy back "some" shares and it doesn't specify how may shares they will buy back.. The other guy is right, not you.