Indoor Harvest Corp (INQD)

[piperdog]

Chad, as far as I know there is a difference.


It's important to point out that treasury shares still have value, and are listed on the company's balance sheet. This is one of the key differences between treasury and retired shares.

Retired shares
Sometimes when a company buys back shares of its own stock, it doesn't have the desire to hang on to them. In this case, the company can choose to cancel, or retire the shares according to SEC regulations. Once shares are retired, they cannot be reissued, and no longer have any financial value nor do they represent any ownership in the company.

Similarities
Treasury shares and retired shares have a few things in common. Most notably, neither type is included when calculating the company's number of outstanding shares. Also, treasury and retired shares don't receive dividend payments, and no longer have any voting rights or ownership.

Seems like your up to speed on the voting rights issue, lol.