Demand Brands Inc. (DMAN)

[JonnyBGood]

According to Investopedia:
In order to retire stock, the company must first buy back the shares and then cancel them. shares can not be reissued on the market, and are considered to have no financial value. They are null and void of ownership in the company. Retired stock is repurchased from the money saved in the company's retained earnings. After the stock is repurchased, the issuer or transfer agent acting on behalf of the share issuer must follow a number of Securities and Exchange Commission rules regarding stock.

Read more: What happens when a company buys back its shares? http://www.investopedia.com/ask/answers/05/retiredstock.asp#ixzz3uQrj5xYV
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