Wednesday, December 07, 2016 7:46:10 PM
HUGELY undervalued from this PR:
LAS VEGAS, April 11, 2013 /PRNewswire/ -- Foy-Johnston (OTC Pink: FOYJ), the board of directors of Foy-Johnston have significantly reduced the issued and outstanding shares by getting the two majority shareholders to donate back to treasury 100,000,000,000 shares of stock, reducing the outstanding share amount to 28,127,145,000, an over 78% reduction in the outstanding share amount.
The reduction will result in an increase in the value of the remaining shares held by our existing shareholders. The Company's properties in Cameroon present very good opportunities for creating enhanced shareholder wealth. On a per share basis the potential value in the Cameroon holdings alone represents over $0.25 in shareholder value, significantly undervaluing the Company's stock at today's prices.
Alexander D. Powers, President of Foy-Johnston Inc. said, "We are pleased to have negotiated the reduction in the issued and outstanding shares of the company, giving much more value to all the existing shareholders."
$FOYJ
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