When this happens, all investors will begin to believe in NERG:
Last update: 28/01/2016 7:01:23 am
Effective Immediately Upon Approval Company Will Commence Stock Buyback
GILLETTE, Wyo., Jan. 28, 2016 /PRNewswire/ -- NuTech Energy Resources, Inc. (OTC: NERG), a natural gas and oil exploration and development company, is pleased to announce that the Company has initiated plans to organize a meeting between its Board of Directors and Majority Shareholders for the authorization of an open market stock repurchase program, in its continuing effort to attain a NASDAQ listing.
NuTech Energy Resources has recently retained a Security and Exchange Commission approved Auditing firm to complete the necessary action required to fulfill its goal of achieving a Nasdaq Listing. The evaluation process has been initiated, and upon preliminary review of the Company's financial report, the firm will be disclosed. NuTech Energy has also retained the auditing services of a distinguished Full-Service CPA firm, in order to fulfill the 2-year audit requirement, and to collaborate with legal counsel, to assist in the Company's strategy to uplist to the world's first and largest "electronic" stock market, the prestigious Nasdaq Exchange.
"We believe that buying back our shares is the best course of action as we move forward. Upon approval, this new share buyback program would demonstrate our continued confidence and our commitment to build true value for our investors," stated Kevin Trizna, Chief Executive Officer, NuTech Energy Resources, Inc.
Until then, NERG management has no credibility with the stock holders!!!
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