![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, May 18, 2015 1:52:27 AM
Emaji, Inc.
300 Spectrum Center Drive, Suite 400
Irvine, California 92618
NEWS RELEASE
May 18, 2015 8:30 AM EST
Emaji, Inc.
Irvine, California
Contact: Emaji Public Relations
Email: info@emaji.com
Emaji Cancels 7 Billion Shares of Common Stock
- Company also announces plan to reduce authorized share capital -
Irvine, CA, May 18, 2015 -- Emaji, Inc. (OTC PINK: EMJI) announced today it has cancelled and retired
seven billion shares of its common stock. The company also announced that it plans to significantly reduce
its authorized shares as the company continues to clean up its capital structure and remove potential
sources of dilution.
With the share cancellation, Emaji has now reduced its outstanding common stock to 6,603,450,087
shares. The total restricted shares have been reduced from 8,540,631,491 to 1,540,631,491 shares. The
total non-restricted shares remain the same at 5,062,818,596, with the float (CEDE) totaling
4,232,602,089 shares.
Emaji will also be reducing its authorized shares during the next 12 months as another major step to
cleaning up its capital structure. The specific amount of the authorized share reduction is expected to be
at least 15 billion shares. The final amount will depend on the total amount of authorized shares required
to fulfill existing and future estimated issuance needs, including issuances for corporate acquisitions and
debt retirement.
Emaji has now cancelled and retired 16 billion shares during the past year. In addition, the company has
reduced its total outstanding convertible debt by 61% since January 1, 2015 as it continues to work on
creating a solid financial foundation for future business development.
Emaji also announced that it has not entered into any agreement to promote its stock nor has it
authorized any third party to conduct any type of promotion on its behalf.
Additional information about Emaji can be found in the Company's reports and filings at
www.OTCMarkets.com, on the Emaji website at www.emaji.com and on Twitter at
www.twitter.com/emajinews
Emaji, Inc. (OT Califor traded
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM