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Thursday, June 30, 2016 10:27:31 AM
NEW YORK, NY--(Marketwired - Jun 30, 2016) - Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) updates its shareholders for the period ending June 30, 2016.
The company continues to evaluate additional opportunities to diversify its portfolio. It is looking at opportunities with cybersecurity and technology companies. It is also evaluating opportunities in the financial sector that will provide additional value to shareholders.
The company also announced that it has extended the Dutch Tender Offer until September 30, 2016, to continue to buy back shares to increase shareholder value. The company has received, as of June 30, 2016, a total of 52,821,950 common shares at prices between $0.0001 and $0.01. It has also received a total redemption of 650,000,000 previously issued common shares, to reduce the amount of shares outstanding. The shares have not been adjusted to the outstanding and issued shares until the tender offer is completed. The company is implementing this strategy to reduce the amount of shares outstanding without having to do a reverse split of its stock.
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